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Reversionary Multi-Let Industrial Investment 9 Glaisdale Pky 146,450 SF 100% Leased Industrial Building Nottingham NG8 4GP $15,504,295 ($105.87/SF) 7.89% Cap Rate
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
We are instructed to seek offers in excess of £11,500,000 subject to contract and VAT. A purchase at this level reflects an attractive Net Initial Yield of 7.89%, with a potential headline Reversionary Yield in excess of 8.31%, assuming purchaser’s costs of 6.71%. This reflects a highly attractive Capital Value of approximately £78.53 per sq ft. Passing rent of £967,646 PA (£6.61 PSF). Leasehold by way of a 125-year lease from 28 February 1986 with a ground rent of one peppercorn.
The property comprises four principal industrial units, together with office space, part of which is let to a commercial gym. The property extends to approximately 146,450 sq ft. The estate provides a range of warehouse and ancillary office accommodation capable of accommodating a broad spectrum of occupier requirements, with unit sizes ranging from approximately 8,000 sq ft to 45,000 sq ft. Constructed using steel portal frame construction, the units benefit from dedicated loading facilities, secure servicing areas, and on-site parking.
The property comprises four principal industrial units, together with office space, part of which is let to a commercial gym. The property extends to approximately 146,450 sq ft. The estate provides a range of warehouse and ancillary office accommodation capable of accommodating a broad spectrum of occupier requirements, with unit sizes ranging from approximately 8,000 sq ft to 45,000 sq ft. Constructed using steel portal frame construction, the units benefit from dedicated loading facilities, secure servicing areas, and on-site parking.
Sale Flyer
Property Facts
| Price | $15,504,295 | Building Class | B |
| Price Per SF | $105.87 | Lot Size | 7.21 AC |
| Sale Type | Investment | Rentable Building Area | 146,450 SF |
| Cap Rate | 7.89% | No. Stories | 2 |
| Tenure | Long Leasehold | Year Built | 1986 |
| Property Type | Industrial | Clear Ceiling Height | 19’8” (5.99 m) |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 11 |
| Price | $15,504,295 |
| Price Per SF | $105.87 |
| Sale Type | Investment |
| Cap Rate | 7.89% |
| Tenure | Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 7.21 AC |
| Rentable Building Area | 146,450 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Clear Ceiling Height | 19’8” (5.99 m) |
| No. Drive In / Grade-Level Doors | 11 |
Amenities
- Fenced Lot
- Security System
- Yard
- Automatic Blinds
- Storage Space
- Raised Floor System
Utilities
- Heating
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Gurkha Kitchen | Indian | $$$ | 8 min walk |
| Andy Fish Bar | Fish and Chips | $ | 11 min walk |
| Berry Tasty | Cafe | $ | 10 min walk |
Retail |
||
|---|---|---|
| Screwfix | Hardware | 8 min walk |
| Post Office | Business/Copy/Postal Services | 10 min walk |
| The Co-Operative Food | Supermarket | 10 min walk |
| Boots | Drug Store | 12 min walk |
Hotels |
|
|---|---|
| DoubleTree by Hilton |
141 rooms
10 min drive
|
| Best Western |
100 rooms
11 min drive
|
| Crowne Plaza |
210 rooms
12 min drive
|
| Garner |
100 rooms
11 min drive
|
| Holiday Inn |
92 rooms
12 min drive
|
Sale Advisors
Sale Advisors
Robin Bullas, Director
Robin has over 20 years' experience in investment advising funds, lenders, Prop Co's & private clients on acquisitions & disposals, across all sectors in Yorkshire & the North East.
Sean Bremner, Director
Sean has over 20 years’ experience working within the Midlands commercial property market, specialising in Agency, Acquisition and Development Consultancy.
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Reversionary Multi-Let Industrial Investment | 9 Glaisdale Pky
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