Moorgreen Business Park, 3 Coombe Road, Eastwood, Nottingham, NG16 3SU
Franck Steier Price has recently completed the sale of a single let industrial investment on behalf of Paloma Capital.
The property is located on a modern industrial estate close to both J26 & 27 of M1. The early 2000’s industrial/workshop unit sits on a 1.05 acre self contained site. There is the development potential for a further 10,000 sqft of accommodation on site.
The unit is a single bay unit extending to 6,924 sqft.
The unit was let to Off Limits Group Ltd on a newly re-geared 6 year term from 3 August 2018. The tenant has break option in August 2022. The passing rent is £43,000 (£6.21 per sqft).
The property was sold to a private company for £620,000 which reflected an initial yield of 6.6%.