MODERN WAREHOUSE INVESTMENT AT BLENHEIM, NOTTINGHAM BROUGHT TO THE MARKET

Investment News

FHP have been instructed to market Building A Blenheim Court, an end of terrace light industrial / warehouse unit of 6,019ft² which is let to Hotchkiss Limited who are a low risk covenant at a net rental of £32,468 per annum which reflects a low capital value of £51.47 per ft².

John Proctor, who is handling the instruction in conjunction with Tim Gilbertson at FHP, confirmed:-

“The property is priced at £310,000 which provides an Investor a net yield in excess of 10% from the outset – the perverse impact of the financial market is that properties such as this where there is a relatively short term lease (the Tenant has a break clause in April 2015) means that you can purchase properties with Tenants at lower figures than one could achieve if the buildings were sold with vacant possession.  One would obviously hope that when we see recovery within the overall market and particularly the availability of finance that an opportunity such as this will not only provide the ability for a good initial return but also good prospects for strong capital growth”.

For further information contact John Proctor at FHP on 0115 950 7577