Evo Park, Little Oak Drive, Sherwood Park, Nottingham

  • Modern office and commercial investment totalling some 110,163 sq ft
  • Located on an established Business Park in North Nottinghamshire
  • The investment is 83% let following the latest lettings to Infosys Limited and NMCN PLC and produces some £789,018 per annum
  • WAULT of 5.32 years to lease expiries and 2.44 years to breaks
  • ERV of £996,371 per annum when fully let - rental guarantees and top ups provided
  • Predominantly low risk covenant
  • Further asset management opportunities
  • Low capital value of £75 / sq ft
  • Guide price of £8,250,000 reflecting a net initial yield of 11.42% after usual purchasers costs of 5.8%. Including rental guarantees and top ups to ERV.

Description

The property comprises 3 modern detached two storey office buildings located at Evo Park on Sherwood Business Park, The Piazza, Mercury House and Vertex and 5 ‘Pod’ units providing offices and production/storage space.

In total the buildings comprise some 110,163 sq ft with associated onsite car parking for 461 cars at a ratio of 1:238 sq ft.

The Evo Pods provide office and hybrid options which have been recently remodelled to provide large glazed entrance reception areas and ground floor loading access.

The property is held on a long leasehold interest on a 999 year lease granted on 25th December 1995 at a peppercorn.

The buildings sit within well maintained attractive grounds with ponds, water features and breakout areas.

Your contact at NG is;

Sunny Landa, Direct Dial: 0115 989 7091


To find out more about this property, give us a call on 0115 958 8599