Building 10.1 Technology Drive

Beeston Business Park, Nottingham, NG9 1LA
Sold
Building 10.1 Technology Drive
Beeston Business Park, Nottingham, NG9 1LA
  • Opportunity to acquire a modern, well let office building on an established mixed use business park.  
  • Prominently positioned on Beeston Business Park close to the Railway Station and 4 miles from Nottingham City Centre.   
  • Built in 2008, Grade A specification three story offices.
  • Extends to 42,915 sq ft with 234 car parking spaces (1:183 sq ft).
  • Let on a full repairing and insuring lease until 24th December 2030 providing in excess of 10 years term certain. 
  • Let to Atos IT Services UK Limited, a cutting-edge technology company with a turnover of £1.5billion, pre-tax profits of £71.8 million and net assets of £1.8 billion. 
  • Passing rent of £750,000 per annum (£17.47 per sq ft) with a fixed increase on 25th December 2025 to £825,000 per annum (£19.22 per sq ft).

Offers in excess of £10,750,000 (Ten Million Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 6.54% and a reversionary yield of 7.19% assuming purchasers’ costs of 6.7%.

Potential cash on cash return yield of 9.77% assuming 50% loan to value and 5 year fixed interest rate at 2.85%.  

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