AGENT'S DETAILS
PROPERTY AGENT
Nick Wales
Nick Wales
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
New
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.
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 4BPGBDerbyshireNG16 4BEAmber Drive
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Langley Mill (0.3 miles) Newstead (5.9 miles) Bulwell (6.0 miles) |