Office For Sale And 17Regan Way, Nottingham, Nottinghamshire, NG9 6RZ

Sale Type Tenure: Freehold

Usages: Offices

EPC Rating:
3-4 Regan Way: C64
17 Regan Way: C65

Short Description:
Well-Secured | Reversionary | Modern Office Park Investment | Nottingham NG9 6RZ

Description:
Pair of modern two-storey office properties built in 2005
Located on a popular, well-established business park near M1 (J25)
Freehold
Totalling 14,253 sq ft (NIA)
Let on unbroken 15-year FRI leases from March 2016 to SDL Surveying Limi

Accommodation:
The properties comprise the following net internal areas:
3-4 Regan Way: 9,149 Sq Ft and 49 car parking spaces
17 Regan Way: 5,104 Sq Ft and 24 car parking spaces
Total: 14,253 Sq Ft and 73 car parking spaces

Tenure:
Freehold

Terms:
Offers in excess of £2,125,000 exclusive for the Freehold interests, Subject to Contract.

This value reflects a net initial yield of 8.5% (after rent top-up* and purchasers costs of 6.31%) a reversionary yield of 9% (March 2021) and a capital

Service Charge:
Each property contributes to a nominal service charge in relation to the upkeep and maintenance of the estate, which is recovered from the tenants under the existing lease terms.

VAT:
The properties are opted to tax. It is anticipated that the transaction will be treated as a TOGC.

Key Features:
Pair of modern two-storey office properties built in 2005
Located on a popular, well-established business park near M1 (J25)
Freehold
Totalling 14,253 sq ft (NIA)
Let on unbroken 15-year FRI leases from March 2016 to SDL Surveying Limi