High-footprint warehouse near M1 junction, ideal for logistics or redevelopment.
Freehold site of approximately 2.231 acres with expansive yard space
Total GIA 61,451 sq ft including removable 24,539 sq ft mezzanine
Two level-access loading bays and goods lift for mezzanine access
Two-storey quality offices with ancillary kitchen and toilet facilities
Sprinkler system present but not tested — condition unknown
Sale subject to 25-year overage: 50% of increase if change of use
Local area: excellent M1 access, but high crime and very deprived locality
Broadband slow; mobile signal excellent; parking available off-street
A substantial detached warehouse on a 2.231-acre site offering immediate operational space or redevelopment potential. The building provides a large gross internal area of 61,451 sq ft including a removable 24,539 sq ft mezzanine, two level-access loading bays and two-storey quality offices — practical for distribution, light manufacturing or conversion.
The property is well located for logistics, circa 4 miles from J28 of the M1 via the A38, within a mixed-use town-centre fringe. Services include concrete flooring, gas warm-air heating, fluorescent lighting and a sprinkler system (not tested). The mezzanine is served by a goods lift and can be removed to restore a single-floor GIA of 36,912 sq ft.
Known constraints are material and should be factored into pricing and planning. The sale is subject to a 25-year overage clause: 50% of any increase in value if the use changes from industrial/warehouse. The sprinkler system is untested; broadband speeds are slow; the immediate area records high crime and very high deprivation — factors affecting workforce, security and some occupier types.
For an investor or owner-occupier seeking scale, this site offers strong location and footprint advantages with clear scope for refurbishment, layout rationalisation or redevelopment, provided the overage and local market dynamics are incorporated into the business case.