May 16, 2024

Strata Products, Brookhill Industrial Estate

• Strata Products occupy 2 sites totalling 15,908 sq m (171,231 sq ft) over Plymouth Avenue and Beaufit Lane
• Total gross site area of 12.63 acres
• Located on the established Brookhill Industrial Estate, North Nottinghamshire just 1 mile from Junction 28 of the M1 motorway.
• Both properties have strong value add potential given the low initial base rent through future rent review, reletting or break up. The price is underpinned by the established vacant possession value
• Upon sale, Strata Products will lease both properties back on a new 10 year lease with a five year tenant only break option
• The properties are to be leased at a rent of £945,000 per annum equating to £5 per sq ft on the Plymouth Avenue property, £4.75 per sq ft on the Beaufit Lane buildings and £30,000 per acre on the storage land, all of which are reversionary
• Low site cover of 18% on the Beaufit Lane property
• Properties can be purchased together or separately