OAKTREE BUSINESS PARK, ACORN WAY, MANSFIELD, NOTTINGHAMSHIRE, NG18 3HD

Investment News

Acting on behalf of Blueprint, FHP Property Consultants and Innes England are pleased to announce the sale of a further industrial investment at Oaktree Business Park. 

The property is situated on the eastern side of Mansfield, not far from Angular Way, which connects with the M1 to the east.  Oaktree Business Park is located approximately 0.5 miles south east of Mansfield and joins access to Southwell Road West, which provides direct access not only to Mansfield Town Centre but also to the MARR. 

The property consists of a total of 7 units, 4 of which are single terrace units and the 3 remaining being self-contained free standing properties. 

At the time of the sale the property produced an income of £55,750 per annum.  1 unit was vacant and when that unit is let the property should produce an income of £64,250 per annum.  It should be noted that once units 1B and 1C were split into 2 units of 2,000 ft² they let fairly readily at a rent of £4.25 per ft². 

The sale price agreed was £570,000, which shows an initial yield of 9.24% and a reversionary yield of 10.64%.  The capital value is £38.50 per ft².

Nick Dawes of Brown and Company in Grantham, acted on behalf on behalf of the purchasers, a retained Lincolnshire based property and investment company.  This follows on from the successful acquisition of a number of other units from FHP’s considerable client base.

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