Single let Industrial / trade counter investment in prime location.
Nottingham is the largest urban area of the East Midlands region, located approximately 20 miles north of Leicester, 50 miles north east of Birmingham and 130 miles north of London.
Excellent transport connectivity located approximately 2 miles from Junction 26 of the M1 Motorway.
Blenheim Industrial Estate is a prime location with nearby occupiers including Great Bear, DHL, DPD amongst others.
The property comprises two light industrial / trade counter units on a single site.
Total gross internal area of 16,572 sq ft.
Total site area of approx 1 acre providing a low site cover of 36%.
Let to Budget Greeting Cards Limited (net assets £20.8m).
FRI lease for a term of 10 years wef 15th March 2024, expiring 14th March 2034 (9.93 years unexpired).
Initial rent of £133,000 per annum (£8.02 psf).
Rent to be reviewed on the fifth anniversary in line with
RPI (1-4% cap and collar).
Tenant only break clause on the fifth anniversary of the term.
Long leasehold - 125 year from 1988 (89.5 years) at a peppercorn.
