Office for sale in Evo Park, Little Oak Drive, Sherwood Park, Nottingham NG15

Offers in region of £8,250,000 (£74.89/sq. ft)
Office for sale 110,163 sq. ft*
Interested in this property? Call +44 115 774 8798 * or Request Details

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Property features

  • Modern office and commercial investment totalling some 110,163 sq ft
  • Located on an established Business Park in North Nottinghamshire
  • The investment is 83% let following the latest lettings to Infosys Limited and nmcn plc and produces some £789,018 per annum
  • Wault of 5.32 years to lease expiries and 2.44 years to breaks
  • Erv of £996,371 per annum when fully let - rental guarantees and top ups provided
  • Predominantly low risk covenant
  • Further asset management opportunities
  • Low capital value of £75 / sq ft
  • Guide price of £8,250,000 reflecting a net initial yield of 11.42% after usual purchasers costs of 5.8%. Including rental guarantees and top ups to er

Property description

The property comprises 3 modern detached two storey office buildings located at Evo Park on Sherwood Business Park, The Piazza, Mercury House and Vertex and 5 'Pod' units providing offices and production/storage space.

In total the buildings comprise some 110,163 sq ft with associated onsite car parking for 461 cars at a ratio of 1:238 sq ft.

The Evo Pods provide office and hybrid options which have been recently remodelled to provide large glazed entrance reception areas and ground floor loading access.

The property is held on a long leasehold interest on a 999 year lease granted on 25th December 1995 at a peppercorn.

The buildings sit within well maintained attractive grounds with ponds, water features and breakout areas.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
NG Chartered Surveyors, NG2 on +44 115 774 8798 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by NG Chartered Surveyors, and do not constitute property particulars. Please contact NG Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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