Highly ReversionaryIndustrial and Open Storage Estate with Redevelopment Potential
Strategically located in the East Midlands, approximately 23 miles north of Nottingham city centre and 32 miles east of Sheffield city centre.
Excellent road connections, with easy access for HGVs – just 10 minutes to the A1 and 18 miles to Junction 29 of the M1 motorway, providing seamless links to the Midlands, Yorkshire, and the wider National Motorway network.
The site measures a 107.23 acres gross (53.75 acres net), including 7.04 acres of land located to the southwest of the main site.
The current contracted rent is £1,108,167 per annum.
The Net Operating Income (Nov 2023 – Oct 2024) is £845,969.
The rent is split as £3.18 per sq ft for the traditional workshop space, £8.68 per sq ft for the modern industrial, £0.32 per sq ft for the open storage, and £15.16 per sq ft for the modern business units.
The site is predominantly let on short term licences resulting in a WAULT of 1 year.
Excellent opportunity to benefit from short and medium term asset management opportunities, including licence renewals and asset repositioning.
Strategically located
Excellent road connections
107.23 acres
£1,108,167 per annum Total Contracted Income
Significant Asset Management and Development Opportunities
