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Industrial Unit

Industrial Unit For Sale Nottingham

PROPERTY ID: 150811

PROPERTY TYPE

Industrial Unit

STATUS

Available

SIZE

45,081 sq.ft

Key Features

Total GIA: 45,081 sq ft (4,188.1 sqm)
Long leasehold ownership with c.104 years remaining
Rare opportunity to acquire a multi let estate within a well-established industrial locality
Current rent roll of £297,450 pa across 4 industrial units/Tenants and a Telecoms mast - Net initial yield of 7.35%, potential for reversionary yield of 9.09%

Property Details

The Property Comprises A Substantial Industrial Unit Which Has Been Subdivided And Let To A Number Of Different Occupiers. There Is A Splayed Access Of Glaisdale Drive To The Northwest Elevation Leading To A Tarmacadam Surface Forecourt Currently Utilised As A Car Park For Unit 1,2,5 & 6, Unit 3 And Unit 4a. There Is A Second Vehicular Access To This Element, Located On The Southwestern Boundary, Which Leads Directly Into A Rear Yard Behind Unit 1,2,5, & 6 And Through Which The Yard And Access To Unit 7 & 8 Is Provided. The Rear Yard Comprises Of Concrete Slabbing And Is Secured By A Perimeter Fence Line.

The Building Is Of Steel Portal Framed Construction, Estimated To Be Of Late 1970's Or Early 1980's Origin To A Minimum Eave's Height Of 5.5m. Materials Are Conventional, Including Elevations In Brick And Block To Roughly Half Height With Insulated Profile Sheet Cladding Above, All Beneath Twin Bay, Insulated, Profile Sheet Roofing.

It Is Understood That The Current Configuration Provides Four Self-contained Units With Their Own Service Connections, With Each Unit Having A Unique Layout. A Telecoms Mast And Associated Cabinet Has Been Installed To Northeast Boundary Of This Element And Can Be Accessed Off Glaisdale Drive Through The Forecourt. The Second Element Is A Strip Of Land That Runs Along Glaisdale Parkway Up To Its Junction With Glaisdale Drive.

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About the Agent

Innes England

See Agent's Other Properties

Industrial Unit

£3,800,000 Freehold

149 Glaisdale Drive West, Nottingham, NG8 4GY
Industrial Unit - Available
45,081 sq ft
4,188 sqm
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