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3&5 Freeston Drive 2 Industrial Properties Offered at £3,300,000 in Nottingham
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
We are instructed to seek offers in excess of £3,300,000, subject to contract and VAT. A purchase at this level reflects an attractive Net Initial Yield of 7.53%, with a potential headline Reversionary Yield in excess of 8.39%, assuming purchaser’s costs of 6.48%. This reflects a highly attractive Capital Value of approximately £83.97 per sq ft.
The property comprises two industrial warehouse units extending to approximately 39,306 sq ft. The accommodation provides a combination of warehouse and ancillary office accommodation suitable for a broad range of industrial, storage, manufacturing and distribution occupiers. The units benefit from secure dedicated loading provision, servicing areas and on-site parking.
The property comprises two industrial warehouse units extending to approximately 39,306 sq ft. The accommodation provides a combination of warehouse and ancillary office accommodation suitable for a broad range of industrial, storage, manufacturing and distribution occupiers. The units benefit from secure dedicated loading provision, servicing areas and on-site parking.
Sale Flyer
Property Facts
| Price | £3,300,000 | Number of Properties | 2 |
| Price psf | £83.96 / sq ft | Individually For Sale | 0 |
| Yield | 7.53% | Total Property Size | 39,306 sq ft |
| Sale Type | Investment | Total Land Area | 1.00 ac |
| Status | Active |
| Price | £3,300,000 |
| Price psf | £83.96 / sq ft |
| Yield | 7.53% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Property Size | 39,306 sq ft |
| Total Land Area | 1.00 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
3&5 Freeston Drive
5 Freeston Dr, Nottingham NG6 8UZ |
Industrial | 22,277 sq ft | 2002 | - |
|
3&5 Freeston Drive
3 Freeston Dr, Nottingham NG6 8UZ |
Industrial | 17,029 sq ft | 1990 | - |
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Sale Advisors
Sale Advisors
Robin Bullas, Director
Robin has over 20 years' experience in investment advising funds, lenders, Prop Co's & private clients on acquisitions & disposals, across all sectors in Yorkshire & the North East.
Sean Bremner, Director
Sean has over 20 years’ experience working within the Midlands commercial property market, specialising in Agency, Acquisition and Development Consultancy.
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3&5 Freeston Drive
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