Unit 1&2 Clover Nook Industrial Park 2 Industrial Properties Offered at £4,800,000 in Alfreton
INVESTMENT HIGHLIGHTS
- 6.85m eaves
- 1.23 acre secure car park
- Additional 12,129 sq ft of mezzanine
EXECUTIVE SUMMARY
The Property comprises two industrial manufacturing units with ample yard space and large car parking area providing future development opportunities.
The units extend to a total of 79,398 sq ft (including mezzanine) on a 5.86-acre site, reflecting a low site density of 26%.
Part let by way of 2 leases to Turbine Repair Technology (TRT). Including the vacant top up element of £90,290 the initial rent is £459,774 per annum, equating to a low £5.79 per sq ft overall.
Fixed annual rental uplifts for the first 5 years of the leases.
The units extend to a total of 79,398 sq ft (including mezzanine) on a 5.86-acre site, reflecting a low site density of 26%.
Part let by way of 2 leases to Turbine Repair Technology (TRT). Including the vacant top up element of £90,290 the initial rent is £459,774 per annum, equating to a low £5.79 per sq ft overall.
Fixed annual rental uplifts for the first 5 years of the leases.
PROPERTY FACTS
| Price | £4,800,000 |
| Price / SF | £60.45 / SF |
| Net Initial Yield | 8.99% |
| Sale Type | Investment |
| Status | Pending |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 79,398 SF |
| Total Land Area | 11.90 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Bramble Way, Alfreton DE55 4RH | Industrial | 41,722 SF | 1995 | - |
|
Unit 1
3 Bramble Way, Alfreton DE55 4RH |
Industrial | 37,676 SF | 1995 | - |
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