1 Daniels Way, Hucknall, Nottingham NG15 7LLDownload the Sales Brochure Make an enquiry
Reversionary single let industrial investment.
Detached single bay industrial unit with ancillary offices totalling 26,100 sq ft located on established industrial estate close to J26 & 27 of M1.
Situated on a site of 1.50 acres, 36% site cover.
The property is let to the Mailshop Mailing Ltd on a 15 year FRI lease from 30 June 2017. The rent is currently £112,000 per annum, only £4.36 per sq ft.
The rent is payable monthly and is reviewable 5 yearly with the next review due in June 2022. The rent is to be reviewed to open market value.
Additional £4,250 income from telecommunications mast – let to Cornerstone Telecommunications Infrastructure Ltd.
Offers are sought in excess of £1,900,000. This shows an initial yield of 5.75%. Based on ERV there will be a reversion to 7.20% from June 2022.
This also reflects an underlying capital value of only £70 per sq ft.
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