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A Substantial Multi-Let Investment & Development O, Sinfin Lane Industrial Park, Derby, DE24 9GL
471,508 Sq Ft / Industrial / General Industrial
Withdrawn - Last updated: 19 April 2021
- A substantial multi-let industrial investment located in Derby, which is one of the largest commercial centres in the East Midlands.
- Situated in a strong commercial location adjacent to the Rolls-Royce worldwide headquarters.
- Multiple asset management opportunities through lettings and redevelopment that would add significant value.
- A total gross internal floor area of 43,804 sq m (471,508 sq ft) of industrial accommodation ranging from 139 sq m (1,500 sq ft) to 14,579 sq m (156,929 sq ft).
- A current total rental income of £543,189 per annum.
- Freehold.
- Offers in excess of £6,950,000 (Six Million Nine Hundred and Fifty Thousand Pounds). This equates to a net initial yield of 9%, a potential reversionary yield of 12.6% on the multi-let income, and £247,100 per hectare (£100,000 per acre) for the additional 5.2 hectares (12.8 acres) of potential development land.
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