Property overview

2b Horizon Place, Nottingham Business Park, Nottingham, NG8 6PY

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£1,975,000
Dec 2013

Franck-Steier Price has recently completed the acquisition of a Grade A office building on Nottingham Business Park. Acting for a private investor, the building let to BDW Trading Ltd, was recently bought for £1,975,000.

The business park office extended to 13,903 sqft and is arranged over three floors. The building is occupied by a division of Barratt Developments. The unit was let on a 12.25 year lease from January 2013 at a rent of £164,200 per annum (£11.81 per sqft). The unit has 52 designated car parking spaces.

The purchase reflected an initial yield of 7.86%. AHBN represented the vendor.