Savills | Wigman Road, Nottingham, NG8 3JA | Property to rent
1 to 6.72 Ac(0.40 to 2.72 Ha)
Price on application

Wigman RoadNottingham, NG8 3JA


    Key features

    • Rare development opportunity neighbouring established industrial estate
    • Suitable for alternative uses (STP)
    • Easily accessible via J26 of the M1
    • 6.72 acres (2.72 hectares)
    • Individual plot sales available from 1 acre

    FOR SALE / TO LET Prime Development Land

    About this property

    • Description
      The total site area is 6.72 acres (2 72 hectares), comprising a substantial and predominantly level, cleared development site located on the southern side of Wigman Road.
      Prominently situated, the frontage also extends to the southern part of the roundabout junction with Hollington Road and Bathurst Drive.

      Viewings
      Strictly by prior appointment only with the Sole Agent, Savills.

      Terms
      Long Leasehold - £500,000 per acre.
      For plot sales long leaseholds are available for a term of 125 years.
      For a sale of the whole site, the property is held on a long leasehold for a term of 150 years with effect from 17 December 2015.
      The current ground rent is £15,000 per annum until 16 December 2025.

      Leasehold - £35,000 per annum per acre.
      Rental terms are flexible.

      Planning
      Planning permission was granted in February 2017 for a distribution and warehouse building with ancillary office accommodation, car park and service yard. Further details available upon application.
      The site is considered to have potential for a revised industrial warehouse scheme.
      In addition, alternative uses, subject to planning permission.

    Local information

    • The site is prominently located on the south side of Wigman Road, on the edge of the West Nottingham suburb of Bilborough fringing the neighbouring suburb of Beechdale some 2 7 miles west of Nottingham City Centre. This provides the development with a significant pool of available labour.
    • To the west of the site is an established and mature industrial estate fronting both Glaisdale Drive East and West. The remainder of the surrounding area is primarily residential.
    • Junction 26 of the M1 motorway lies some 2.7 miles to the north west, accessed from Wigman Road via the A6002 Woodhouse Way / A610.

    Energy performance

    EPC exempt - No building present