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Agent's details

Property agent
Oliver Thompson
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Stonebridge Court, Stonebridge Court - Multi Let Industrial Investment, NG3

For sale: £3,075,000.00|21,328 Sq Ft|General Industrial, Other, Warehouse, Industrial, Other Property Types & Opportunities
Photo of general industrial for sale in Nottingham, Nottingham City, NG3 2GY
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Property details

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FOR SALE£3,075,000.00
SIZE21,328 Sq Ft
ADDRESSStonebridge Court, Stonebridge Court - Multi Let Industrial Investment, Nottingham, NG3 2GY
TYPEGeneral Industrial, Other, Warehouse, Industrial, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON11th December 2024

Description

Key Points

  • Prominent multi let industrial estate, located in an established last mile urban industrial / warehouse location
  • Situated close to Nottingham City Centre
  • The property comprises 14 units with a total gross internal floor area of 21,328 sq ft
  • Freehold
  • Let to 13 tenants
  • Low headline rent of £245,367 pax (£11.50 psf).
  • Highly reversionary with an estimated rental value of £287,532 pax (£13.48 psf) based on recent lettings on the estate
  • We have been instructed to seek offers in excess of £3,075,000 (Three Million and Seventy Five Thousand pounds) exclusive of VAT and subject to contract. A purchase at this level reflects a NIY of 7.5% and a reversionary yield of 8.78% after deducting purchaser’s costs of 6.46%. This price reflects a low capital value of £144 per sq ft.

    • Summary

    NEW SALE - Multi Let Industrial Investment - Nottingham

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    The accommodation comprises the following areas:

    Location

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    Location: Stonebridge Court, Stonebridge Court - Multi Let Industrial Investment, Nottingham, NG3 2GY

    Nottingham (0.8 miles)

    Carlton (2.3 miles)

    Netherfield (2.6 miles)
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