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UNDER OFFER

Oakwood Court, Sherwood Business Park, NG15 0DR

Offers in Region of
£1,950,000

£54.54 per sq. ft.

Business rates & charges may apply

HEB Property Consultants, Nottingham
SIZE AVAILABLE
35,755 sq. ft.
(3,322 sq. m.)
SECTOR
Office for sale
USE CLASS
Use class orders: B1 Business
B1

Key features

  • Modern, part let office building in attractive setting.
  • 3,321.75 sq m (35,755 sq ft).
  • Part air conditioned with good on-site car parking.
  • Pleasant working environment adjacent to the M1 (J27).
  • Asset management opportunity with substantial yield shift potential.
  • Low Capital Value £/Sq Ft.
  • Excellent Tenant Covenants.

Property description

LOCATION:
1 Oakwood Court is located on the popular and well established Sherwood Business Park. It is set within a 'parkland' setting, and this well regarded business park offers convenient access to the M1 Motorway at the adjacent J27.

Nottingham city is within easy reach (6.5 miles), as are the conurbations of Derby, Mansfield, Chesterfield and Sheffield.

Other major occupiers include E.ON, Pendragon Motor Group, L'Oréal, Rolls Royce, Tsubakimoto UK and Zeppelin.

The nearby Mour Hotel provides a good quality restaurant / bar facility, with the Lakeside Café offering further onsite catering.

DESCRIPTION:
Modern open plan office building arranged over ground and first floor level, offering a high standard of accommodation with passenger lift, raised access flooring and air conditioning to part.

The building was constructed to offer 2 large, open plan floorplates and is currently divided into 6 separate suites.

Externally there is a good ratio of parking at 167 spaces 1 space per 214 sq ft.

ACCOMMODATION:
3,321 sq m (35,755 sq ft)

TENURE:
Virtual freehold - 999 years from 1995 subject to a peppercorn rent.

Part let to Yusen Logistics (UK) Limited, and Team 17 Digital Limited, with an average weighted unexpired term of 1.98 years to expiry and 1.68 years to break. Both tenants offer an Experian credit score of 100 - Very Low Risk.

Total current passing rent of £137,712 per annum exclusive.

See full sales particulars for the tenancy schedule.

SERVICE CHARGE:
A service charge is payable by the tenants in addition to the rent.

EPC:
Ground Floor: B-43
Remainder of building: C-73

PRICE:
Offers invited in the region of:
£1,950,000
(One Million, Nine Hundred and Fifty Thousand Pounds)

reflecting a potential reversionary yield of 14.67% (based on a £8.50 psf and a low capital value per sq ft of £54 per sq ft. A quality refurbishment of common parts and vacant suites has potential to improve the ERV & reversionary yield.

VAT:
The property is elected for Vat purposes and VAT will be applicable.

VIEWING:
See sales particulars for contact details.

CLICK LINK BELOW FOR SALES PARTICULARS

Brochures

Oakwood Court, Sherwood Business Park, NG15 0DR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newstead Station1.2 miles
  • Kirkby in Ashfield Station1.9 miles
  • Sutton Parkway Station2.9 miles

About HEB Property Consultants, Nottingham

Apex Business Park Wilford, Nottingham, NG11 7DD

heb Property Consultants are one of the region’s leading practices of Chartered Surveyors that specialise in all aspects of commercial property. We are a multi-discipline consultancy and our clients range from corporate companies and pension funds to small property trusts and individuals, we also provide various services to local authorities and charities.

Our ethos is based around core principles of strong communication with our clients, partner led services and a commitment to both cr

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Notes

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Disclaimer - Property reference OakwoodCt-SALE. 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 HEB Property Consultants, 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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