Apollo Retail Park, Hucknall Lane, Nottingham, Nottingham City

EXECUTIVE SUMMARY
• Modern, highly secure, long-income roadside investment opportunity
• Prominently located on Hucknall Lane in the centre of Bulwell, a suburb six miles to the north of Nottingham city centre
• Surrounding occupiers include McDonalds, Formula One Autocentres, Travis Perkins, Morrisons, Toolstation, Screwfix, Wickes, Matalan, KFC and Tesco
• Hucknall Lane has over 29,000 vehicle movements per day (DfT statistics)
• Newly developed property comprising a Greggs drive thru unit, a two unit in line retail/food to go pod including Subway and Indigo Sun and to the rear of the scheme are six high speed EV charging bays operated by E.ON
• Securely let to Greggs Plc, Red Maple Ltd (t/a Subway), Indigo Sun Retail Ltd and Zood Infrastructure Ltd (operated by E.ON)
• Average unexpired term of 14.2 years to breaks and 15.3 years to expiries
• Total passing rent of £226,980 per annum
• Indexed linked rent reviews to Greggs and Zood leases (76% of the income)
• Units all have EPC ratings of A
• Freehold

PROPOSAL
We are instructed to seek offers in excess of £3,450,000 (Three Million, Four Hundred and Fifty Thousand Pounds) which reflects a net initial yield of 6.18%, after purchaser’s costs of 6.51%.
Based on the index linked reviews tracking at 3% per annum, a purchase at this price would represent an attractive reversionary yield in 2029 of 6.87%.