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Ruddington Ln 11,419 sq ft Industrial Property Nottingham NG11 7EP £900,000 (£78.82/sq ft)
Investment Highlights
- Fully tenanted
- Good transport links
- Parking on site
Executive Summary
An investment sale comprising two adjoining industrial/office units arranged over two floors.
Unit 8a is let to Marlowe Fire & Security Limited under the terms of a Full Repairing and Insuring lease expiring in December 2026 at an annual rent of £47,800. Note: Marlowe Fire & Security Limited have recently been aquired by Mitie Group Plc. Unit 8b is let to City Fibre Limited under the terms of a Full Repairing and Insuring lease expiring in February 2041 at an annual rent of £16,500. The Tenant has the right to Break at any point from Febuary 2031. The rent review pattern is every 5 years and is index linked.
Unit 8a is let to Marlowe Fire & Security Limited under the terms of a Full Repairing and Insuring lease expiring in December 2026 at an annual rent of £47,800. Note: Marlowe Fire & Security Limited have recently been aquired by Mitie Group Plc. Unit 8b is let to City Fibre Limited under the terms of a Full Repairing and Insuring lease expiring in February 2041 at an annual rent of £16,500. The Tenant has the right to Break at any point from Febuary 2031. The rent review pattern is every 5 years and is index linked.
Property Facts
| Price | £900,000 | Costar Property Class | C |
| Price per sq ft | £78.82 | Total Plot Size | 0.34 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 11,419 sq ft |
| Tenure | Freehold | No. Floors | 2 |
| Property Type | Industrial | Year Built | 1970 |
| Property Subtype | Warehouse | Tenancy | Single |
| Price | £900,000 |
| Price per sq ft | £78.82 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Total Plot Size | 0.34 ac |
| Net Internal Area (NIA) | 11,419 sq ft |
| No. Floors | 2 |
| Year Built | 1970 |
| Tenancy | Single |
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