BUILDING 4 TRENT SIDE, BUSINESS VILLAGE, FARNDON ROAD, NEWARK

Investment News

The property comprises a purpose built out of town office building forming part of the Trentside Business Village development constructed a few years ago with the accommodation arranged on ground, first and second floors with car parking at ground floor level.

The accommodation totals some 6,772ft².   The building was let to NFU Mutual, Blueprint Entertainment Limited and Advanced Brickwork producing a rent of £85,500, equating to approximately £12.75 per ft².

The lease to NFU Mutual expires in 2017 and the other 2 leases were for a materially shorter period.   

The property was sold for a figure to reflect a yield of 10.5% after normal purchasing costs.  

Noel Roper commented: –

“Trentside Business Village originally consisted of 4 self-contained buildings each of about 7,000ft², 2 of which were sold to owner occupiers together with the above investment.    Currently only 2 suites are available in the 1 remaining building at a quoting rent of £12.75 per ft².    FHP has been pleased to be associated with what we consider to be a very successful out of town office development”.