Unit D, Daniels Way Hucknall , NG15 7LL

Investment Sold

Richard Wright

Investment Summary

• High quality newly developed warehouse extending to 11,550 sq ft
• Situated adjacent to Harrier Park in the heart of Hucknall’s industrial area and within close proximity to junctions 26 & 27 of the M1 motorway
• The site extends to approximately 0.36 ha (0.90 acres) providing a very low site density of 29.5% allowing for future redevelopment, expansion or subdivision of the site
• To be let on a new lease to GEOAmey PECS Ltd for a term of approximately 9.5 years, which runs conterminous with a contract with the Ministry of Justice for a prisoner escort and custody service
• GEOAmey PECS Ltd has a Creditsafe rating of 87/100, representing a ‘very low risk’ of business failure, employees of GEOAmey are also deemed as ‘Essential Key Workers’
• Passing rent of £105,000 per annum
• The lease is subject to five yearly RPI linked reviews with a collar of 1% and cap of 4%, annually compounded
• CPP sold the property on behalf of Rotherhill for £1,750,000 which reflects a Net Initial Yield of 5.66%

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