£3,800,000
(£84.29/sq. ft)
Industrial for sale149 Glaisdale Drive West, Nottingham, Nottinghamshire NG8
45,081 sq. ft
About this property
Total gia: 45,081 sq ft (4,188.1 sqm)
Long leasehold ownership with c.104 years remaining
Rare opportunity to acquire a multi let estate within a well-established industrial locality
Current rent roll of £297,450 pa across 4 industrial units/Tenants and a Telecoms mast - Net initial yield of 7.35%, potential for reversionary yield of 9.09%
The building is of steel portal framed construction, estimated to be of late 1970's or early 1980's origin to a minimum eave's height of 5.5m. Materials are conventional, including elevations in brick and block to roughly half height with insulated profile sheet cladding above, all beneath twin bay, insulated, profile sheet roofing.
It is understood that the current configuration provides four self-contained units with their own service connections, with each unit having a unique layout. A telecoms mast and associated cabinet has been installed to northeast boundary of this element and can be accessed off Glaisdale Drive through the forecourt. The second element is a strip of land that runs along Glaisdale Parkway up to its junction with Glaisdale Drive.
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£19,009 per month
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