Albert Einstein Centre, Nottingham Science & Technology Park, Nottingham, NG7 2TN

Location

Nottingham Science Park is a long-established business location, specialising in research and technology, offering a wide range of accommodation incorporating bot laboratory and office specification. The Park is situated in a prominent position off University Boulevard (A6005) opposite the University of Nottingham and adjacent to the Nottingham Tennis Centre.

The Park sits 2 miles west of Nottingham City Centre and railway station and 0.5 miles from the Queens Medical Centre. It benefits from excellent public transport links with the NET tram network and regular buses serving the Park from University Boulevard. The Park also benefits from excellent road connections being within half a mile of Nottingham's ring road which in turn provides access to Junction 24, 25 and 26 of the M1 motorway.

Description

The Albert Einstein Centre comprises a detached, purpose-built lab and office building arranged over ground and first floors, set within a well-established science park environment.

The accommodation provides a mix of fitted lab, write-up and office space. The lab areas include existing benching, sinks, gas taps and extraction infrastructure, with vinyl flooring suitable for wet lab use, alongside supporting write-up and ancillary areas. The office accommodation provides largely pseudo open-plan space, with areas compartmentalised via stud partitioning, together with suspended ceilings, LED lighting, carpeting, perimeter trunking and good levels of natural light throughout.

The building is suitable for life sciences, R&D and technology occupiers and offers potential for light refurbishment to meet modern requirements.

Rent / Price

Leasehold Quoting: £185,000 per annum exclusive
Virtual Freehold Quoting: £910,000

Terms

The property is currently let to Upperton Ltd under a lease expiring in October 2028. However, the tenant has indicated a willingness to surrender the lease early, offering the potential to secure vacant possession in advance of expiry. Purchase at the quoting price would equate to a NIY of 12.47% assuming no surrender is agreed and standard purchasers' costs. Tenancy details available on request

The property is available for sale on a virtual freehold basis, with c. 91 years unexpired, or by way of a new FRI lease.

VAT

We understand VAT to be payable on all sums due.

Viewing

Strictly by appointment with agents.