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Commercial Properties For Sale in Bulwell, Nottingham, Nottinghamshire

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3 & 5 Freeston Drive, Blenheim Industrial Estate, Nottingham, NG6 8UZ
Light Industrial

Comprising 39,306 sq ft across two industrial/trade counter units, the property currently produces £264,460 per annum, with an attractive WAULT of 5.22 years to expiry. The investment has also benefited from over £660,000 of recent capital expenditure, significantly enhancing the specification and presentation of the property. - £264,460 pa passing rent (£6.73 psf). - £294,795 pa ERV, providing clear rental reversion. - Terms agreed with ASHI Group on a new 15-year lease to Unit 3 at £116,393 pa (£6.82 psf). - Immediate 6.3% rental uplift on completion of the agreed Unit 3 letting. - Improved covenant profile, with ASHI rated Very Low Risk (91A). - Smith Brothers Stores also provides a Very Low Risk (77A) covenant. - £446m+ combined tenant turnover assuming completion of the ASHI letting. - Established Blenheim Industrial Estate location with excellent access to the A610 and M1 Jct 26. - Over £660,000 of recent capital investment in the estate. - Offers in excess of £3.3m, reflecting a 7.53% NIY and 8.39% reversionary yield. - Attractive capital value of just £83.97 psf. - Further potential to enhance long-term value through extension of the two long leasehold interests. The agreed letting to ASHI provides an investor with immediate income growth and a significant improvement in covenant strength, whilst the current ERV of £294,795 provides further rental upside over the medium term. Combined with t

Commercial Property Partners Ltd, Nottingham Estate Agent Logo
Commercial
Marketed by Commercial Property Partners Ltd, Nottingham
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3 & 5 Freeston Drive, Blenheim Industrial Estate, Nottingham, NG6 8UZ
Light Industrial

Comprising 39,306 sq ft across two industrial/trade counter units, the property currently produces £264,460 per annum, with an attractive WAULT of 5.22 years to expiry. The investment has also benefited from over £660,000 of recent capital expenditure, significantly enhancing the specification and presentation of the property. - £264,460 pa passing rent (£6.73 psf). - £294,795 pa ERV, providing clear rental reversion. - Terms agreed with ASHI Group on a new 15-year lease to Unit 3 at £116,393 pa (£6.82 psf). - Immediate 6.3% rental uplift on completion of the agreed Unit 3 letting. - Improved covenant profile, with ASHI rated Very Low Risk (91A). - Smith Brothers Stores also provides a Very Low Risk (77A) covenant. - £446m+ combined tenant turnover assuming completion of the ASHI letting. - Established Blenheim Industrial Estate location with excellent access to the A610 and M1 Jct 26. - Over £660,000 of recent capital investment in the estate. - Offers in excess of £3.3m, reflecting a 7.53% NIY and 8.39% reversionary yield. - Attractive capital value of just £83.97 psf. - Further potential to enhance long-term value through extension of the two long leasehold interests. The agreed letting to ASHI provides an investor with immediate income growth and a significant improvement in covenant strength, whilst the current ERV of £294,795 provides further rental upside over the medium term. Combined with t

Commercial Property Partners Ltd, Sheffield Estate Agent Logo
Commercial
Marketed by Commercial Property Partners Ltd, Sheffield
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