2 Central Park, Lenton Lane, Nottingham, NG7 2NRDownload the Sales Brochure Make an enquiry
Modern single let office investment on the fringe of Nottingham city centre totalling 31, 802 sq ft with 121 car spaces on site (1:262 sq ft).
Let to the undoubted covenant of Siemens plc on a 10 year lease from 11th September 2017, the Year 5 break option has recently been removed, showing long term commitment from the tenant to the property.
The property comprises a detached business park style office on a self-contained site. The building is arranged predominantly over ground and first floors with a small additional second floor.
The building underwent a wholesale £2,500,000 refurbishment programme during 2017 as part of the letting to Siemens. The property was retro fitted to a full Cat A standard ahead of the tenant’s under lying works. More recently EV charging points have been installed in the car park.
Annual rental income of £405,000 per annum (only £12.74 per sqft).
Offers sought in excess of £4,500,000 which provides an initial yield of 8.45%, allowing for purchaser’s costs of 6.57%. This price reflects a low capital value of only £141 per sqft.
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