Investment Sale of 45 Nuthall Road Completes

Investment News

FHP Property Consultants acting on behalf of the vendor of 45 Nuthall Road, Nottingham have sold the investment to a private purchaser with Box Property acting on behalf of the purchaser. The investment offered a well let roadside motor trade unit to Halfords Autocentre with a number of years unexpired and potential future up lifts in the rent.

Chris Proctor of FHP who brokered the deal commented :-

“After a competitive marketing period we were able to agree a purchase price with Ben of Box Property for their client at a Net Initial Yield of 5.9% after purchasers costs at 4.4%. Investment opportunities of this size and nature continue to be sought after with a number of investors still in the market for similar opportunities”

Ben Tebutt of Box Property who acted on behalf of the purchaser commented :-

“Very happy to have secured this property on behalf of Willow Tree Pension Fund. It’s a very prominent location let to a strong tenant but with ultimate redevelopment options if it ever became vacant”

For more information on this deal or to see how FHP can help sell or let your industrial or warehouse space please contact Chris Proctor on 0115 950577 or chris@fhp.co.uk.

 

End

11 September 2018