Property overview

536-540 Woodborough Road, Mapperley, Nottingham, NG3 5HJ

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Dec 2010

Franck-Steier Price Ltd (FSP) has recently concluded the acquisition of a modern retail investment on the edge of the local retail centre in Mapperley. The property comprises two units let to Sainsburys and Vets4Pets totalling 5,761 sqft.

Sainsburys took a 15 year lease in May 2007 at a rent of £47,000. Vets4Pets took a 15 year lease from January 2008 at a rent of £26,000.

The property was acquired for Sheffield Mutual, jointly with SMC in Sheffield. The investment was bought for £1,000,000 which reflected a net initial yield of 6.9%. The property was bought off Primesite UK Ltd.