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Bestwood Business Park 7 Properties Offered at $10,703,057 in Nottingham
Investment Highlights
- Multi-let industrial and open storage investment
- 15.3 acres (6.12 hectares) providing a very low site density of 26.4%
- Fixed rental uplifts to £818,761 per annum by 2028 taking the running yield to 9.60%
- Strategically located only 5 miles north of Nottingham city centre, with direct access to the M1 motorway via Junctions 26 and 27
- Multi-let to 20 tenants across 23 lettable units / IOS compounds
- Potential for alternative use (Subject to planning)
Executive Summary
Highly Reversionary Multi-Let Industrial & Open Storage Investment Opportunity.
Offers are invited in excess of £8,000,000 (Eight Million Pounds) and exclusive of VAT.
A purchase at this level reflects:
Net Initial Yield of 9.00%,
Reversion to 11.70% within three years,
Low capital value of £38.75 per sq ft(Buildings)
£300,000 per acre (IOS)
After allowing for standard purchaser’s costs of 6.67%.
Bestwood Business Park is a freehold, multi-let industrial estate, offering a mix of industrial units, ancillary offices and secure open storage. The estate has been developed in phases, with buildings primarily of steel truss frame construction and a combination of brick and steel-clad elevations. Units are finished to a traditional industrial specification, including threephase power, roller shutter doors, WCs, yard areas and dedicated parking, with the wider site being fully surfaced, fenced and gated.
The principal warehouse buildings range in size from 1,000 sq ft to 34,000 sq ft, with some of the units combining to create larger overall demises catering to a broad range of SME occupiers.
The remainder of the site comprises approximately 4 acres of secure, surfaced and fenced open storage compounds currently let to a range of regional logistics, recycling and storage operators.
The property is located off Park Road, 5 miles north of Nottingham city centre, adjacent to the B683. The estate benefits from excellent connectivity with access to the M1 motorway 4 miles away via Junctions 26 and 27, linking to the wider national motorway network and the key logistics corridors of the East Midlands.
Offers are invited in excess of £8,000,000 (Eight Million Pounds) and exclusive of VAT.
A purchase at this level reflects:
Net Initial Yield of 9.00%,
Reversion to 11.70% within three years,
Low capital value of £38.75 per sq ft(Buildings)
£300,000 per acre (IOS)
After allowing for standard purchaser’s costs of 6.67%.
Bestwood Business Park is a freehold, multi-let industrial estate, offering a mix of industrial units, ancillary offices and secure open storage. The estate has been developed in phases, with buildings primarily of steel truss frame construction and a combination of brick and steel-clad elevations. Units are finished to a traditional industrial specification, including threephase power, roller shutter doors, WCs, yard areas and dedicated parking, with the wider site being fully surfaced, fenced and gated.
The principal warehouse buildings range in size from 1,000 sq ft to 34,000 sq ft, with some of the units combining to create larger overall demises catering to a broad range of SME occupiers.
The remainder of the site comprises approximately 4 acres of secure, surfaced and fenced open storage compounds currently let to a range of regional logistics, recycling and storage operators.
The property is located off Park Road, 5 miles north of Nottingham city centre, adjacent to the B683. The estate benefits from excellent connectivity with access to the M1 motorway 4 miles away via Junctions 26 and 27, linking to the wider national motorway network and the key logistics corridors of the East Midlands.
Property Facts
| Price | $10,703,057 | Number of Properties | 7 |
| Price / SF | $57.68 / SF | Individually For Sale | 0 |
| Cap Rate | 9% | Total Building Size | 185,556 SF |
| Sale Type | Investment | Total Land Area | 16.05 AC |
| Status | Active |
| Price | $10,703,057 |
| Price / SF | $57.68 / SF |
| Cap Rate | 9% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 185,556 SF |
| Total Land Area | 16.05 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| Park Rd, Nottingham NG6 8TQ | Industrial | 95,595 SF | 1979 | - |
| 4a-4b Park Rd, Nottingham NG6 8TQ | Industrial | 59,314 SF | 1970 | - |
| Park Rd, Nottingham NG6 8TQ | Industrial | 23,894 SF | 1996 | - |
|
Joy House
Park Rd, Nottingham NG6 8TQ |
Industrial | 6,753 SF | 1965 | - |
|
Compound C1-6 & 6B
Park Rd, Nottingham NG6 8TQ |
Land | 2.65 AC | - | - |
|
Compound 7A-C
Park Road, Nottingham NG6 8TQ |
Land | 0.83 AC | - | - |
|
Compound 8
599 Moor Rd, Nottingham NG6 8TE |
Land | 0.40 AC | - | - |
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