Stonebridge Court, Stonebridge Court – Multi Let Industrial Investment, Nottingham

Unit Size

Minimum Size: 21,328 sq ft / Maximum Size: 21,328 sq ft

Key Selling Points

Prominent multi let industrial estate, located in an established last mile urban industrial / warehouse location

Situated close to Nottingham City Centre

The property comprises 14 units with a total gross internal floor area of 21,328 sq ft

Freehold

Let to 13 tenants

Low headline rent of £245,367 pax (£11.50 psf).

Highly reversionary with an estimated rental value of £287,532 pax (£13.48 psf) based on recent lettings on the estate

We have been instructed to seek offers in excess of £3,075,000 (Three Million and Seventy Five Thousand pounds) exclusive of VAT and subject to contract. A purchase at this level reflects a NIY of 7.5% and a reversionary yield of 8.78% after deducting purchaser’s costs of 6.46%. This price reflects a low capital value of £144 per sq ft.