Offers over
£425,000
(£121.19/sq. ft)
Office for saleUnit 3 Chase Park, Daleside Road, Colwick NG2
3,507 sq. ft
Just added
Freehold
About this property
Modern Hybrid Building
Excellent Grade A Tenant Covenant
New 10 Year Fri Lease
Passing Rent £31,100 Per Annum
NIA - 325 sq m (3,507 sq ft)
9 Parking Spaces
Niy - 7%
EPC - C
Developed in 1998, Chase Park is a small purpose-built business park providing 10 semi-detached office/business units within a managed landscaped environment.
Unit 3 Chase Park is the left half of a semi-detached building of steel framed construction clad with brick and blockwork elevations to the first floor, surmounted by insulated profile steel cladding which extends to cover the roof.
The accommodation is arranged on ground and first floor levels and is occupied in its entirety by the tenant company. It provides a combination of open plan work areas, private offices and accommodates a substantial server room. Kitchen and W.C facilities are located on both levels.
The building’s security is excellent, with the rear elevations protected by externally mounted roller shutter blinds and the front and side windows protected by internally mounted sliding security grilles.
9 car parking spaces are demised to the property on a tarmacadam surfaced car park.
Location
Nottingham is the principal city of the East Midlands with a population of circa 275,000. It has a strong, diverse base of employment. Major employers in the city include the Inland Revenue, Capital One, Alliance Boots, Eon and Experian.
Chase Park is located 1.5 miles northeast of the city centre, fronting the A612 Daleside Road, one of the main arterial routes to and from Nottingham city centre.
Description
Developed in 1998, Chase Park is a small purpose-built business park providing 10 semi-detached office/business units within a managed landscaped environment.
Unit 3 Chase Park is the left half of a semi-detached building of steel framed construction clad with brick and blockwork elevations to the first floor, surmounted by insulated profile steel cladding which extends to cover the roof.
The accommodation is arranged on ground and first floor levels and is occupied in its entirety by the tenant company. It provides a combination of open plan work areas, private offices and accommodates a substantial server room. Kitchen and W.C facilities are located on both levels.
The building’s security is excellent, with the rear elevations protected by externally mounted roller shutter blinds and the front and side windows protected by internally mounted sliding security grilles.
9 car parking spaces are demised to the property on a tarmacadam surfaced car park.
Tenancy Information
The property is let in its entirety to pm-International (UK) Services Ltd by way of a new 10-year lease at a rent of £31,100 per annum exclusive, which devalues to £8.86 per sq ft. The lease is drafted on a full repairing and insuring basis, which includes an upwards only rent review at year 5 to market rent, or rpi, whichever is greater. There is also a tenant break option at year 5. The Vendor holds a rent deposit of £14,000, which shall be transferred to the Purchaser upon completion of the sale.
The lease is contracted inside the lta 1954, and is on Fri terms, subject to a photographic record of condition.
The Tenant offers a Grade A covenant, with an Experian Risk showing a very low risk with a Credit Limit of £60,000 and an excellent score of 100 out of 100 as of July 2026.
Accommodation
We have been informed that the approximate net internal floor area are as follows;
Ground floor - 173 sq m (1,862 sq ft)
First floor - 152 sq m (1,645 sq ft)
Total NIA - 325 sq m (3,507 sq ft)
Services
We understand that mains electricity, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective purchasers must rely on their own investigations as to their existence and condition.
Business Rates
From enquiries made through the Valuation Office website, we understand that the following rating assessment applies;
Rateable value: £25,000
Interested parties should make their own enquiries as to the amount of rates payable.
Terms
Investment for sale freehold, subject to the current tenancy in place. We are inviting offers in excess of £425,000, reflecting a 7% net initial yield.
Epc
Energy rating - C
Vat
We understand that VAT is payable on the sale price however, it is understood that the transaction can be treated as a togc, meaning VAT will not be payable on the purchase. Additionally, the Vendor is able to de-register the property for VAT should this be a requirement of the purchaser. Please contact the selling agents for further information.
Legal Costs
Each party to pay their own legal costs incurred.
Viewing
For an appointment to view or for further information, please contact the selling agents;
Commercial List
e: T: Or
Landa Associates
e: T:
Agent Notes
Please note, by submitting an enquiry regarding this property you agree that we may send your details to the freeholder / landlord / managing agent of this property so they may contact you in order to answer any questions or arrange a convenient viewing time. Furthermore, these Particulars are believed to be correct, but their accuracy cannot be guaranteed, and they do not constitute an offer or a contract.
Unit 3 Chase Park is the left half of a semi-detached building of steel framed construction clad with brick and blockwork elevations to the first floor, surmounted by insulated profile steel cladding which extends to cover the roof.
The accommodation is arranged on ground and first floor levels and is occupied in its entirety by the tenant company. It provides a combination of open plan work areas, private offices and accommodates a substantial server room. Kitchen and W.C facilities are located on both levels.
The building’s security is excellent, with the rear elevations protected by externally mounted roller shutter blinds and the front and side windows protected by internally mounted sliding security grilles.
9 car parking spaces are demised to the property on a tarmacadam surfaced car park.
Location
Nottingham is the principal city of the East Midlands with a population of circa 275,000. It has a strong, diverse base of employment. Major employers in the city include the Inland Revenue, Capital One, Alliance Boots, Eon and Experian.
Chase Park is located 1.5 miles northeast of the city centre, fronting the A612 Daleside Road, one of the main arterial routes to and from Nottingham city centre.
Description
Developed in 1998, Chase Park is a small purpose-built business park providing 10 semi-detached office/business units within a managed landscaped environment.
Unit 3 Chase Park is the left half of a semi-detached building of steel framed construction clad with brick and blockwork elevations to the first floor, surmounted by insulated profile steel cladding which extends to cover the roof.
The accommodation is arranged on ground and first floor levels and is occupied in its entirety by the tenant company. It provides a combination of open plan work areas, private offices and accommodates a substantial server room. Kitchen and W.C facilities are located on both levels.
The building’s security is excellent, with the rear elevations protected by externally mounted roller shutter blinds and the front and side windows protected by internally mounted sliding security grilles.
9 car parking spaces are demised to the property on a tarmacadam surfaced car park.
Tenancy Information
The property is let in its entirety to pm-International (UK) Services Ltd by way of a new 10-year lease at a rent of £31,100 per annum exclusive, which devalues to £8.86 per sq ft. The lease is drafted on a full repairing and insuring basis, which includes an upwards only rent review at year 5 to market rent, or rpi, whichever is greater. There is also a tenant break option at year 5. The Vendor holds a rent deposit of £14,000, which shall be transferred to the Purchaser upon completion of the sale.
The lease is contracted inside the lta 1954, and is on Fri terms, subject to a photographic record of condition.
The Tenant offers a Grade A covenant, with an Experian Risk showing a very low risk with a Credit Limit of £60,000 and an excellent score of 100 out of 100 as of July 2026.
Accommodation
We have been informed that the approximate net internal floor area are as follows;
Ground floor - 173 sq m (1,862 sq ft)
First floor - 152 sq m (1,645 sq ft)
Total NIA - 325 sq m (3,507 sq ft)
Services
We understand that mains electricity, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective purchasers must rely on their own investigations as to their existence and condition.
Business Rates
From enquiries made through the Valuation Office website, we understand that the following rating assessment applies;
Rateable value: £25,000
Interested parties should make their own enquiries as to the amount of rates payable.
Terms
Investment for sale freehold, subject to the current tenancy in place. We are inviting offers in excess of £425,000, reflecting a 7% net initial yield.
Epc
Energy rating - C
Vat
We understand that VAT is payable on the sale price however, it is understood that the transaction can be treated as a togc, meaning VAT will not be payable on the purchase. Additionally, the Vendor is able to de-register the property for VAT should this be a requirement of the purchaser. Please contact the selling agents for further information.
Legal Costs
Each party to pay their own legal costs incurred.
Viewing
For an appointment to view or for further information, please contact the selling agents;
Commercial List
e: T: Or
Landa Associates
e: T:
Agent Notes
Please note, by submitting an enquiry regarding this property you agree that we may send your details to the freeholder / landlord / managing agent of this property so they may contact you in order to answer any questions or arrange a convenient viewing time. Furthermore, these Particulars are believed to be correct, but their accuracy cannot be guaranteed, and they do not constitute an offer or a contract.
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