icons_size_white icons_size

Amber Drive, Langley Mill, Nottingham, Derbyshire, NG16, Station Road, Amber Drive, NG16 4BP

For sale: £3,920,000.00|53334 Sq Ft|Distribution Warehouse, General Industrial, Industrial Park, Retail Park, Warehouse, Industrial, Retail

PROPERTY DETAILS

FOR SALE£3,920,000.00
SIZE53334 Sq Ft
ADDRESSAmber Drive, Langley Mill, Nottingham, Derbyshire, NG16, Station Road, Amber Drive, Nottingham, NG16 4BP
TYPEDistribution Warehouse, General Industrial, Industrial Park, Retail Park, Warehouse, Industrial, Retail
TENUREInvestment Opportunity
POSTED ON6th March 2021

DESCRIPTION

Single Let Industrial Investment Opportunity
Net Initial Yield 7% - The property is let to TenCate Advanced Composites Limited (with an original guarantee
by parent company Koninklijke Ten Cate BV) for a term of 10 years from 17 April 2016,
thus providing for an unexpired lease term of approximately 5.25 years. The lease is
drawn on full repairing and insuring terms subject to a schedule of condition.

In March 2018 TenCate Advanced Composites Holding BV was acquired by the
Japanese headquartered multinational corporation Toray Industries Inc, with the
business subsequently re-named Toray Advanced Composites UK Limited. The lease
guarantee was substituted at this point with a guarantee now provided by Toray
Industries Inc.

LOCATION

Location: Amber Drive, Langley Mill, Nottingham, Derbyshire, NG16, Station Road, Amber Drive, Nottingham, NG16 4BP

Langley Mill (0.3 miles)

Newstead (5.9 miles)

Bulwell (6.0 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here