Property photos
Just added
Freehold
Offers over
£2,500,000
(£89.73/sq. ft)
Property for sale
Northfield House, Tilford Road, Newstead Village, Nottingham NG1527,861 sq. ft
Local area information
Property location
Nearby amenities
- Newstead 0.1 miles
- Newstead Primary and Nursery School 0.2 miles
- Annesley Primary and Nursery School 1 mile
- Kirkby-in-Ashfield 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- High quality industrial building within a site area of 3.573 acres
- Let to Northfield Construction Ltd (in occupation since 2007)
- Passing rent of £185,000 pa (equating to £6.64 per sq ft on the building)
- Let until 25th March 2031 (Rent Review March 2026)
- Located approximately 3 miles from Junction 27 of the M1 Motorway
Description
The property provides high quality industrial space (approximately 8m eaves) with two side roller shutter doors. To the front of the building is a striking glazed frontage to the reception area, two floors of good quality office space, kitchenette & WC facilities and stores. The offices include full height glazed windows, network floor boxes, carpeting, and a modern air handling system. The rear warehouse is connected to the front office section and includes a large rectangular shaped space.
Externally the site is fully fenced with security gates, a generous parking area, with the majority of the land as hard standing for open storage. The total site area is 3.573 acres (1.446 ha).
Location
The property is located on Tilford Road in Newstead Village, Nottinghamshire. Newstead Village is located between Nottingham and the towns of Kirkby-in-Ashfield, Sutton-in-Ashfield and Hucknall. The property is located approximately 3 miles (east) from Junction 27 of the M1 Motorway, 11 miles from Nottingham city centre, 22 miles from East Midlands Airport, and is well located for connections across the Midlands and nationally. Newstead railway station is on the Robin Hood Line and runs between Nottingham and Worksop.
In terms of the immediate area, notable mentions include the Hazelfordway Industrial Estate, Newstead Colliery Recreation Ground, Newstead train station, Newstead and Annesley Country Park. Commercial occupiers within the nearby Hazelfordway Industrial Estate include Badgemaster, Metclad Contracts, Bunches, Border Partnerships and Nationwide Platforms.
Tenure
The property is held on a freehold basis under the titles NT244432, NT324746 & NT462862 subject to the occupational lease (detailed in these marketing details)
Occupational Lease
The entire property is let as follows:-
Tenant: Northfield Construction Ltd
Lease Start Date: 26th March 2021
Lease Expiry Date: 25th March 2031
Rent: £185,000 pa (£7.5 sq ft)
Rent Review: Open Market Rent Review on 5th Anniversary of the lease (26th March 2026)
Repair: Fri ('To keep the Property in good and substantial repair and condition')
Price
Offers in excess of £2.5m. We are informed VAT is payable on the price.
Asset Management / Development Potential
Given the site area of 3.573 acres (1.446 ha) and relatively low building site coverage (18%), we are of the opinion that the property may offer future opportunities to reconfigure or further development. There is also an upcoming rent review in March 2026. We would advise interested parties to make their own enquiries with their professional advisers on this matter.
The property provides high quality industrial space (approximately 8m eaves) with two side roller shutter doors. To the front of the building is a striking glazed frontage to the reception area, two floors of good quality office space, kitchenette & WC facilities and stores. The offices include full height glazed windows, network floor boxes, carpeting, and a modern air handling system. The rear warehouse is connected to the front office section and includes a large rectangular shaped space.
Externally the site is fully fenced with security gates, a generous parking area, with the majority of the land as hard standing for open storage. The total site area is 3.573 acres (1.446 ha).
Location
The property is located on Tilford Road in Newstead Village, Nottinghamshire. Newstead Village is located between Nottingham and the towns of Kirkby-in-Ashfield, Sutton-in-Ashfield and Hucknall. The property is located approximately 3 miles (east) from Junction 27 of the M1 Motorway, 11 miles from Nottingham city centre, 22 miles from East Midlands Airport, and is well located for connections across the Midlands and nationally. Newstead railway station is on the Robin Hood Line and runs between Nottingham and Worksop.
In terms of the immediate area, notable mentions include the Hazelfordway Industrial Estate, Newstead Colliery Recreation Ground, Newstead train station, Newstead and Annesley Country Park. Commercial occupiers within the nearby Hazelfordway Industrial Estate include Badgemaster, Metclad Contracts, Bunches, Border Partnerships and Nationwide Platforms.
Tenure
The property is held on a freehold basis under the titles NT244432, NT324746 & NT462862 subject to the occupational lease (detailed in these marketing details)
Occupational Lease
The entire property is let as follows:-
Tenant: Northfield Construction Ltd
Lease Start Date: 26th March 2021
Lease Expiry Date: 25th March 2031
Rent: £185,000 pa (£7.5 sq ft)
Rent Review: Open Market Rent Review on 5th Anniversary of the lease (26th March 2026)
Repair: Fri ('To keep the Property in good and substantial repair and condition')
Price
Offers in excess of £2.5m. We are informed VAT is payable on the price.
Asset Management / Development Potential
Given the site area of 3.573 acres (1.446 ha) and relatively low building site coverage (18%), we are of the opinion that the property may offer future opportunities to reconfigure or further development. There is also an upcoming rent review in March 2026. We would advise interested parties to make their own enquiries with their professional advisers on this matter.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
SMC Chartered Surveyors
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Property descriptions and related information displayed on this page are marketing materials provided by - SMC Chartered Surveyors. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact SMC Chartered Surveyors for full details and further information.