REPRICED: The Oaks & Firs

• Located in Bestwood Village, 5.5 miles north of Nottingham City Centre. 
• Comprising of two detached office buildings totalling 8,317 sqft with additional ancillary buildings. 
• Situated on a secure 0.68-acre site, fronting the B683.
• Current passing rent of £72,250 per annum, which equates to a low £8.69 psf
• Tenant has been in occupation for over 20 years and have recently signed a 5-year extension, showing future commitment.
• 9.3 years term certain with no tenant break option. 
• Two further Open Market Rent Reviews in 2028 and 2029, offering reversionary potential. 
• Value underpinned by long term repositioning of the site STP. 
• Freehold.  

We are instructed to seek offers in excess of £890,000 (Eight Hundred and Ninety Thousand Pounds) Subject to Contract and exclusive of VAT.

A purchase at this level reflects a net initial yield of 7.70% allowing for purchases costs of 5.62%. This provides a low capital value of £107 per sqft.