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New Stanton 55.63 Acres of Commercial Land Offered at £30,000,000 in Ilkeston DE7 4QW
INVESTMENT HIGHLIGHTS
- Strategically located
- Easy access to the National Motorway network
- Within close proximity to M1 Motorway
EXECUTIVE SUMMARY
The property is let to 8 tenants on a combination of short-term licences and FRI leases.
Offers in excess of £30,000,000 subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 6.8%, a low freehold value of £617k p.Ac, and 9.9% reversionary yield assuming an ERV of £65,000 per acre,
based on purchaser’s costs of 6.77%.
Offers in excess of £30,000,000 subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 6.8%, a low freehold value of £617k p.Ac, and 9.9% reversionary yield assuming an ERV of £65,000 per acre,
based on purchaser’s costs of 6.77%.
PROPERTY FACTS
| Price | £30,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Tenure | Freehold | Proposed Use | Commercial |
| No. Plots | 1 | Total Plot Size | 55.63 ac |
| Price | £30,000,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Plot Size | 55.63 ac |
1 PLOT AVAILABLE
Plot Plot 4
| Price | £30,000,000 | Total Plot Size | 55.63 ac |
| Price Per ac | £539,277.37 |
| Price | £30,000,000 |
| Price Per ac | £539,277.37 |
| Total Plot Size | 55.63 ac |
The site is an industrial open storage facility totaling 55.62 acres gross, providing 48.62 acres net, which is split into 10 sites Price at 30million- 6.8% NIY.
DESCRIPTION
Strategically located opposite 200 acre New Stanton Park and within close proximity to M1 Motorway providing easy access to the National Motorway network Excellent road connections, with easy access for HGVs- just 10 minutes to J25 of the M1 motorway, providing seamless links to the Midlands, Yorkshire, and the wider National Motorway network.
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New Stanton
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