Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

October 2018

Moregreen Business Park, 3 Coombe Road, Eastwood, Nottingham, NG16 3SU

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under offer

The property is located on the north-eastern edge of Eastwood between J26 and J27 of M1.  The property is a detached industrial unit on a modern business park extending to 6,924 sq.ft on a large site of 1.05 acres (low site density of 15%).  The property is let for a term of 6 years from 3 August 2018 to Off Limits Group Ltd with a tenant break option in August 2022.  Current rent £43,000 per annum (£6.21 per sq.ft).  Longer term development potential on part of the substantial yard/car park.  Offers sought in excess of £500,000 which reflects a net initial yield of 8.25%.