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Vernon Rd - Brownfield Development 3.34 Acres of Commercial Land Offered at £1,500,000 in Nottingham NG6 0AD
Investment Highlights
- Situated 2.5 miles from Nottingham City Centre and 0.2 miles from the outer Ring Road.
- Prominent position fronting Vernon Road (A682) off which it has direct access.
- Freehold, with vacant possession.
Executive Summary
Rare freehold opportunity in excess of £1,500,000 (One Million & Five Hundred Thousand Pounds), and exclusive of VAT. A purchase at this level reflects a low capital value of £450,000 per acre.
Nottingham open storage ERV’s achieving circa £65,000 per acre per annum.
Nottingham open storage ERV’s achieving circa £65,000 per acre per annum.
Property Facts Sale Pending
| Price | £1,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Tenure | Freehold | Total Plot Size | 3.34 ac |
| No. Plots | 1 |
| Price | £1,500,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Plot Size | 3.34 ac |
1 Plot Available
Plot
| Price | £1,500,000 | Total Plot Size | 3.34 ac |
| Price Per ac | £449,101.80 |
| Price | £1,500,000 |
| Price Per ac | £449,101.80 |
| Total Plot Size | 3.34 ac |
Suitable for owner occupiers, developers and investors. The site has a total area of 3.34 acres (1.35 hectares). Situated on Vernon Road in the Old Basford area of Nottingham which is approximately 2.5 miles north of Nottingham city centre.
Description
Prominent cleared site extending to 3.34 acres (1.35 hectares), within Nottingham’s core industrial location.
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Vernon Rd - Brownfield Development
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