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Goldfish Eco Business Park 9 Glaisdale Pky 146,450 sq ft 100% Let Industrial Property Nottingham NG8 4GP £11,500,000 (£78.53/sq ft) 7.89% Net Initial Yield
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
We are instructed to seek offers in excess of £11,500,000 subject to contract and VAT. A purchase at this level reflects an attractive Net Initial Yield of 7.89%, with a potential headline Reversionary Yield in excess of 8.30%, assuming purchaser’s costs of 6.71%. This reflects a highly attractive Capital Value of approximately £78.53 per sq ft.Passing rent of £967,646 PA (£6.61 PSF). Leasehold by way of a 125-year lease from 28 February 1986 with a ground rent of one peppercorn.
The property comprises four principal industrial units, together with office space, part of which is let to a commercial gym. The property extends to approximately 146,450 sq ft. The estate provides a range of warehouse and ancillary office accommodation capable of accommodating a broad spectrum of occupier requirements, with unit sizes ranging from approximately 8,000 sq ft to 45,000 sq ft. Constructed using steel portal frame construction, the units benefit from dedicated loading facilities, secure servicing areas and on-site parking
The property comprises four principal industrial units, together with office space, part of which is let to a commercial gym. The property extends to approximately 146,450 sq ft. The estate provides a range of warehouse and ancillary office accommodation capable of accommodating a broad spectrum of occupier requirements, with unit sizes ranging from approximately 8,000 sq ft to 45,000 sq ft. Constructed using steel portal frame construction, the units benefit from dedicated loading facilities, secure servicing areas and on-site parking
Sale Flyer
Property Facts
| Price | £11,500,000 | Total Plot Size | 14.82 ac |
| Price per sq ft | £78.53 | Net Internal Area (NIA) | 146,450 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 7.89% | Year Built | 1980 |
| Tenure | Long Leasehold | Parking Allocation | 1.75/1,000 sq ft |
| Property Type | Industrial | Eaves Height | 19 ft 4 in (5.89 m) |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 29 |
| Costar Property Class | B | No. Drive In / Grade-Level Doors | 5 |
| Price | £11,500,000 |
| Price per sq ft | £78.53 |
| Sale Type | Investment |
| Yield | 7.89% |
| Tenure | Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 14.82 ac |
| Net Internal Area (NIA) | 146,450 sq ft |
| No. Floors | 2 |
| Year Built | 1980 |
| Parking Allocation | 1.75/1,000 sq ft |
| Eaves Height | 19 ft 4 in (5.89 m) |
| No. Dock-High Doors/Loading | 29 |
| No. Drive In / Grade-Level Doors | 5 |
Amenities
- Fenced Lot
- Security System
- Yard
- EPC - C
- Roller Shutters
- Storage Space
- Raised Floor System
Utilities
- Heating
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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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Goldfish Eco Business Park | 9 Glaisdale Pky
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