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savills.co.uk
SAVILLS NOTTINGHAMEnfield Chambers, 18 Low Pavement Nottingham NG1 7DG
+44 (0) 115 934 8050
Key Highlights• Established office location with excellent
road connectivity to the M1 J29.
• Prominent and attractive Grade II Listed building.
• Freehold.
• High occupancy level.
• Suitable for alternative uses (subject to planning permission).
• Excellent on site car parking provision.
• Offers for the freehold interest in excess of £850,000, subject to contract and exclusive of VAT.
FOR SALE PERIOD OFFICE INVESTMENT
DUNSTON HOUSEDunston Road, Sheepbridge, Chesterfield, Derbyshire, S41 9QD
LocationThe property occupies a prominent positon with extensive linear frontage to Dunston Road (B6050) within the Dunston area of Chesterfield. Dunston Road is easily accessible from the A61 (Sheffield Road) the main arterial route providing access into Sheffield and out to the M1 at Junction 29.
The surrounding area is an established commercial location home to well-known occupiers including Proact IT UK Ltd, Tennant Metallurgical Group Ltd and Rillatech Ltd.
Directly opposite is situated Prospect Park, comprising a substantial development site, with planning consent for build to suit opportunities for offices / R&D and lab space / business units and high quality industrial units.
In addition, the high quality office developments of Dunston Technology Park and Dunston Innovation Centre are both within close proximity.
DescriptionDunston House, formerly the headquarters offices for Sheepbridge Works, comprises a substantial Grade II Listed office building having been reconfigured to provide a comprehensive business centre with sixty four suites, plus three storage rooms.
The suites have been recently upgraded, incorporating suspended ceilings, modern lighting and are fully internet enabled.
The property benefits from an attractive reception and communal areas, conference/meeting room. Other amenities include four fully equipped kitchens, WCs, shower room, and an extensive onsite car parking provision.
AccommodationThe property has the following approximate net internal floor areas:
16,072 sq ft (1,493.09 sq m)
A schedule of floor areas and floor plans can be provided on request, which are for guidance purposes only.
savills.co.uk
SAVILLS NOTTINGHAMEnfield Chambers, 18 Low Pavement Nottingham NG1 7DG
+44 (0) 115 934 8050
Site AreaThe site totals approximately 1.25 acres (0.51 hectares).
TenanciesThe property currently operates at an extremely high occupancy level, typically let to regional tenants, approximately fifty in number, of varying covenant strength and, hence, not dependent on a few large tenants.
Terms generally are for an initial twelve months with a three to six month notice period thereafter. A bond equivalent to three months rental is charged prior to occupation and repayable on departure subject to any costs being incurred by the tenant.
Business Rates are the responsibility of the tenant.
Currently the property produces a total gross rental income of £177,000 per annum, derived from a minimum rental of £12.00 per sq ft and a current average rental of £11.19 per sq ft.
Net operating income (NOI) is £70,000 per annum, further details of expenditure can be provided on request.
TenureThe property is held on a freehold basis under Title Number DY112375.
Energy Performance CertificateThe Energy Performance Certificate is available on request.
Sales ProcessIn the light of the COVID-19 pandemic and in line with the Government’s advice with respect to travelling and practicing social distancing, gaining access to undertake inspections and surveys may be difficult.
To facilitate these requirements, advance notice will be required and strict protocols will need to be followed.
Where possible, the Vendor will provide any technical information available.
Anti-Money Laundering (AML)Any offer accepted is subject to completing AML checks.
PriceWe have been instructed to seek offers for the freehold interest in excess of £850,000, subject to contract and exclusive of VAT.
ContactViewing and Further Information
Strictly by appointment only with the Sole Agent, Savills.
Getmapping plc 2020. Ordnance Survey Crown Copyright 2020. All Rights reserved. Licence number 100022432Plotted Scale - 1:1250. Paper Size - A4
Ordnance Survey © Crown Copyright 2020. All Rights Reserved.Licence number 100022432Plotted Scale - 1:75000. Paper Size - A4
Ordnance Survey © Crown Copyright 2020. All Rights Reserved.Licence number 100022432Plotted Scale - 1:5000. Paper Size - A4
ContactVictor Ktori +44 (0) 7870 999 [email protected]
Christine Thorn+44 (0) 115 934 [email protected]
SavillsEnfield Chambers, 18 Low Pavement Nottingham, NG1 7DG
IMPORTANT NOTICEMaps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Designed and Produced by Savills Marketing: 020 7499 8644 | April 2020
