Nomad Market Harborough

Rockingham Road, INVESTMENT,
23,609 sq ft (2,193 sq m)

Long-Let & Index Linked Industrial Investment FOR SALE

INDEX LINKED LEASE WITH OVER 14 YEARS UNEXPIRED – QUOTING £1.5M FOR THE FREEHOLD REPRESENTING A NET INITIAL YIELD OF 7.54%

Description

Constructed of brick and metal clad elevations, around a steel frame. The property has a part metal and part cement fibre roof. The property benefits from LED lights and 2 roller shutter, level access doors. New energy efficient electric comfort cooling/heating system just installed in the office areas. The Eaves height is c. 4.5m.

Investment Considerations

• Market Harborough is a popular and affluent market town in south Leicestershire. Just 10 minutes from the A14
• Located on the Rockingham Industrial Estate
• Other occupiers in the immediate area include; Loakes, Travis Perkins, Screwfix, Snap Fitness, Topps Tiles and Welland Valley Feeds
• Let to Nomad Ltd until July 2038
• Rent – £120,000 pa representing £5.58 per sq ft
• CPI indexed rent reviews
• Tenant been in occupation for circa 60 years
• Nomad Ltd have an Experian Credit Rating of 100 out of 100, representing; “Very Low Risk”
• Quoting a price of £1,500,000 subject to contract and exclusive of VAT, representing a net initial yield of 7.54% assuming normal purchasers costs
• The price equates to a low capital value of just £70 psf

Location

Market Harborough, located in south Leicestershire is 14 miles south of Leicester and 20 miles north of Northampton. The town benefits from excellent road communications with the A6 and A508 connecting the town to the A14 dual carriageway and the M1, M6 & A1M.

Market Harborough has a town population of approximately 25,000 people and is home to the retailer Joules with their head office 2 minutes from the property.

The town has direct main line rail access to London with a fastest journey time of under an hour.