"High-quality, income-producing, long-leasehold" furniture showrooms and office investment are for sale in Long Eaton – the UK's centre of sofa and furniture design and manufacture, boasting over 50 upholstery companies in the immediate area.
The property forms part of the historic Harrington Mills building on Leopold Street (NG10 4QE). This unique property, within the former lace mill building, comprises two sections. The first section comprises the ground, first, second, third and attic floors of the building, while the other section comprises second, third and attic floors of the building, amounting to some 21,958 sqft in total.
The building is principally used for the display of sofas, beds and other household furniture in high-quality, flexible, open-plan furniture showrooms, with part of a floor used as open-plan office accommodation.
The property is held on seven individual long-leasehold interests, with a minimum unexpired term of effectively 110 years, at an annual rent of no more than £10 per annum, if demanded.
The property is underlet on a combination of leases and licences to a variety of well-known occupiers including Parker Knoll, G-Plan, Collins & Hayes, Wiemann, Siren Furniture and Carlton Furniture. It also benefits from 17 designated car parking spaces.
Offers are sought from investors for the benefit of the long-leasehold interest in the property.
For further information on the tenancy schedule, or to request a copy of the formal marketing particulars, contact David Smeeton on 07785 253059, or Rachel Dixon on 07947 012842 – or email Smeeton & Dixon Consulting at [email protected].
