Loft self-storage 3 Properties Offered at £2,100,000 in Hucknall
INVESTMENT HIGHLIGHTS
- Hucknall is situated approximately eight miles north of Nottingham city centre.
- The location benefits from many amenities in the immediate locality.
- Located approximately five miles from J26 of the M1 motorway.
EXECUTIVE SUMMARY
Highly prominent single let investment opportunity on main arterial route in Hucknall. Fully consented Self-Storage site of 1,833 sq m (19,731 sq ft) across four buildings set within 2.26 acres. Low site coverage of only 19%. Let on a 10 year lease to a long established Storage Company, Shredall, trading as Loft Self Storage.
Rent passing rent of £150,000 per annum which reflects of £7.60 per sq ft (excluding overage Land). Six years unexpired to break and nine years unexpired to lease expiry
110m frontage to Portland Road in Hucknall Town Centre
Tenant has invested significantly in the internal storage units, external areas and site security
Sequentially an excellent site for future development given proximity to Aldi, Iceland and the town centre
Freehold
Rent passing rent of £150,000 per annum which reflects of £7.60 per sq ft (excluding overage Land). Six years unexpired to break and nine years unexpired to lease expiry
110m frontage to Portland Road in Hucknall Town Centre
Tenant has invested significantly in the internal storage units, external areas and site security
Sequentially an excellent site for future development given proximity to Aldi, Iceland and the town centre
Freehold
PROPERTY FACTS
| Price | £2,100,000 |
| Price / SF | £111.67 / SF |
| Net Initial Yield | 6.72% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 18,805 SF |
| Total Land Area | 3.41 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Former Portland Road Service Station
Portland Rd, Hucknall NG15 7SA |
Land | 0.45 AC | - | - |
|
Showroom
Portland Rd, Hucknall NG15 7SF |
Retail | 11,259 SF | 2012 | - |
|
Warehouse
3 Portland Rd, Hucknall NG15 7SF |
Industrial | 7,546 SF | 2012 | - |
1 of 1
