Industrial Investment opportunity, reflecting a NIY of 6.54% The property comprises a detached steel portal framed warehouse/industrial unit with an eaves height of 5.7m. Loading is via a manual up-and-over roller shutter door providing 5.2m clearance. The unit also benefits from three phase power, a reception area, small kitchen, WC facilities and first floor offices. Externally, the site is fully self-contained, with a gated entrance. Located in a well recognised industrial location Self-contained, secure & gated site Great access to Nottingham City Centre Ample parking
Rateable Value: £20,000 Freehold, subject to and with the benefit of an occupational lease to Nottingham Jagtech Ltd for a term of 5 years from 28th November 2023 at an annual rent of £28,650, reflecting a NIY of 6.54% taking into consideration 4.3% purchaser's costs.
Location
The property is situated on Little Tennis Street which forms part of the highly popular Colwick industrial area, approximately two and a half miles to the south-west of Nottingham city centre. Its location affords easy access to the A612 Daleside Road which is one of the principal arterial roads to and from the city, which allows easy access to the national roads network.