Units C&E Hucknall Industrial Estate, Daniels Way, Hucknall, Nottingham
Description
A single let industrial unit located on the established Hucknall Industrial Estate, Nottinghamshire, benefitting from excellent transport links to J26 & J27 of the M1.
The unit is fully let to Activate Accident Repair Group Limited on a 15-year lease from August 2024. There is a tenant break option on the tenth anniversary of the term.
Activate Accident Repair Group is part of a UK-wide network of auto body shops, specializing in high-quality vehicle repairs, including electric/hybrid
vehicles. The tenant is rated as very low risk (Creditsafe) with a strong industry reputation.
Total rental income of £163,532 per annum / £6.75 per sq ft, subject to five yearly, upward only open market rent reviews.
Total floor area of 24,227 sq ft (2,250 sq m) on a site area of 1.29 acres (0.52 hectares). The unit also benefits from a secure yard with 30 designated car parking spaces.
We are instructed to seek offers in excess of £2,200,000 (Two Million Two Hundred Thousand Pounds) subject to contract and exclusive of VAT for the freehold interest. A purchase at this price reflects an attractive net initial yield of 6.99%, assuming standard purchasers costs of 6.32%, and a capital value of £90.81 per sq ft.
The unit is fully let to Activate Accident Repair Group Limited on a 15-year lease from August 2024. There is a tenant break option on the tenth anniversary of the term.
Activate Accident Repair Group is part of a UK-wide network of auto body shops, specializing in high-quality vehicle repairs, including electric/hybrid
vehicles. The tenant is rated as very low risk (Creditsafe) with a strong industry reputation.
Total rental income of £163,532 per annum / £6.75 per sq ft, subject to five yearly, upward only open market rent reviews.
Total floor area of 24,227 sq ft (2,250 sq m) on a site area of 1.29 acres (0.52 hectares). The unit also benefits from a secure yard with 30 designated car parking spaces.
We are instructed to seek offers in excess of £2,200,000 (Two Million Two Hundred Thousand Pounds) subject to contract and exclusive of VAT for the freehold interest. A purchase at this price reflects an attractive net initial yield of 6.99%, assuming standard purchasers costs of 6.32%, and a capital value of £90.81 per sq ft.
BUILDING HIGHLIGHTS
Single Let industrial unit.
Fully let to Activate Accident Repair Group Limited.
15 Year lease from August 2024.
Total floor area of 24,227 sq ft.
