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Light industrial facility for sale

149 Glaisdale Drive West, Nottingham, Nottinghamshire

£3,800,000

£84.29 per sq ft

Business rates & charges may apply

Innes England Ltd, Nottingham
SIZE AVAILABLE

45,081 sq ft

4,188 sq m

SECTOR

Light industrial facility for sale

Key features

  • Total GIA: 45,081 sq ft (4,188.1 sqm)
  • Long leasehold ownership with c.104 years remaining
  • Rare opportunity to acquire a multi let estate within a well-established industrial locality
  • Current rent roll of £297,450 pa across 4 industrial units/Tenants and a Telecoms mast - Net initial yield of 7.35%, potential for reversionary yield of 9.09%

Description

The property comprises a substantial industrial unit which has been subdivided and let to a number of different occupiers. There is a splayed access of Glaisdale Drive to the northwest elevation leading to a tarmacadam surface forecourt currently utilised as a car park for Unit 1,2,5 & 6, Unit 3 and Unit 4a. There is a second vehicular access to this element, located on the southwestern boundary, which leads directly into a rear yard behind unit 1,2,5, & 6 and through which the yard and access to Unit 7 & 8 is provided. The rear yard comprises of concrete slabbing and is secured by a perimeter fence line.

The building is of steel portal framed construction, estimated to be of late 1970's or early 1980's origin to a minimum eave's height of 5.5m. Materials are conventional, including elevations in brick and block to roughly half height with insulated profile sheet cladding above, all beneath twin bay, insulated, profile sheet roofing.

It is understood that the current configuration provides four self-contained units with their own service connections, with each unit having a unique layout. A telecoms mast and associated cabinet has been installed to northeast boundary of this element and can be accessed off Glaisdale Drive through the forecourt. The second element is a strip of land that runs along Glaisdale Parkway up to its junction with Glaisdale Drive.

Brochures

149 Glaisdale Drive West, Nottingham, Nottinghamshire

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • University Boulevard Tram Stop2.2 miles
  • Middle Street Tram Stop2.3 miles
  • Beeston Centre Tram Stop2.4 miles

About Innes England Ltd, Nottingham

2 The Triangle, Enterprise Way, NG2 Business Park, Nottingham, NG2 1AE

Nottingham Office

Innes England works with clients across the UK, with a special focus on the East Midlands. As the most active agent in the East Midlands for ten consecutive years*, this means we put more of our energy into driving results for our clients than any other agent in the region.

We are the only commercial property consultancy to have offices in Derby, Leicester and Nottingham, giving us an unrivalled local knowledge which allows us to offer relevant, tailored and well-informed advice to our clients.

Our extensive team provides expertise spanning the entire commercial property spectrum with surveyors, retail specialists and property asset management professionals backed up by a highly capable support team. Our shareholding directors take a hands-on approach, working in the business on a day-to-day basis and offering their experience and know-how to clients' projects.

We have a proven track record of delivering real results, and have worked with an enviable client list on countless successful projects, always with a focus on finding a commercial, viable solution, reducing risk and maximising value.

Innes England offers services in:

Acquisitions, disposals and lettings

Land sales and commercial development

Property asset management

Investment services

Business rates, lease consultancy and valuation

Building consultancy

Energy consultancy and Energy Performance Certificates (EPCs)

Derby Office

https://www.rightmove.co.uk/estate-agents/agent/Innes-England-Ltd/Derby-88900.html

Leicester Office

https://www.rightmove.co.uk/estate-agents/agent/Innes-England-Ltd/Leicester-88897.html

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 8862FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Innes England Ltd, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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