Offers over
£2,850,000
(£133.63/sq. ft)
Industrial for saleStonebridge Court, Nottingham NG3
21,328 sq. ft
About this property
Prominent multi let industrial estate, located in an established last mile urban industrial / warehouse location. Situated close to Nottingham City Centre
The property comprises 14 units with a total gross internal floor area of 21,328 sq ft
Freehold
Let to 13 tenants
Headline rent of £249,896 pax (£11.72 psf).
Highly reversionary with an estimated rental value of £287,532 pax (£13.48 psf) based on recent lettings on the estate
We have been instructed to seek offers in excess of £2,850,000 exclusive of VAT and subject to contract.
A purchase at this level reflects a niy of 8.24% and a reversionary yield of 9.48% after deducting purchaser’s costs of 6.43%. This price reflects a low capital value of £134 per sq ft.
The scheme comprises 14 small industrial warehouse units arranged around a central courtyard. The estate is gated and fenced. The units are of a concrete frame construction, with brick and blockwork elevations under a composite cement roof with translucent panels. Loading is via a roller shutter door with separate personnel access.
Location
Nottingham is the largest city in the East Midlands region, located approximately 130 miles north of London, 45 miles south of Sheffield and 50 miles east of Birmingham. The city has a population of approximately 1 million people living within 12 miles of the city centre, and approximately 3 million people living within a 1 hour drive.
Situation
Stonebridge Court is located on the immediate North side of Nottingham City Centre. Accessed via the arterial route known as Carlton Road (B686), the industrial estate is conveniently positioned with connections to the A60, A612 and Nottingham’s outer ring road. There are numerous commercial schemes in close proximity to Stonebridge Court including Robin Hood Industrial Estate, Garnet Court, Clarence Court, lidl and the Sneinton Market. Carlton Road provides numerous public transport services.
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