MONK ROAD INDUSTRIAL ESTATE, MONK ROAD, ALFRETON, DERBYSHIRE, DE55 7RL

Investment News

Acting on behalf of Blueprint Ltd in conjunction with Inness England, FHP are pleased to announce the completion of the sale of the above small, industrial investment.

The investment was constructed a number of years ago and consists of 11 units ranging in size from 750ft² – 2,000ft² (12,000ft² in total) with two units currently vacant. 

The current income at the time of the sale was £52,500 per annum with an anticipated ERV when fully let and income producing of something in the region of £64,875 per annum. 

Bingham and the surrounding area has greatly improved in accessibility with the completion of the construction of the A46 Widmerpool to Newark trunk road.  It is as a result of these works and its location that FHP and Inness England were able to achieve an aggressive sale of the property. 

The purchasers, who are two private individuals based in Lincolnshire, were represented by Brown and Co.  The sale price agreed was £635,000, which shows an initial yield of 7.8% and a reversionary yield when fully let and income producing of 9.65% net of costs. 

Noel Roper of FHP Property Consultants commented:-

“We are extremely pleased to be able to conclude, in conjunction with Inness England, a satisfactory sale of this property to two private individuals represented by Brown and Company.  These properties are extremely well constructed and re-let very well.  It was because of this factor that the clients decided to keep back the two vacant units allowing the purchasers to re-let upon completion to establish their own rental levels.

There is still a very good strong demand from private individuals, family trusts and small pension funds for these good, well let, multi tenanted industrial investments.

Further investment sales are planned in the early part of 2013.

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