HIGHLY REVERSIONARY SHORT INCOME INDUSTRIAL INVESTMENT VACANT POSSESSION ACHIEVABLE OCTOBER 2024 • Rare opportunity to acquire a highly reversionary detached single let investment; Prime location, positioned in central Nottingham, located in the well established Colwich Industrial area; • Strategically situated on Little Tennis Street, which provides access to the A61, the main arterial road that leads to the city centre and also the national road network; • The property comprises a single let detached industrial warehouse, totalling 32,432 sq ft with ancillary yard area and parking; • Vacant Possession achievable by October 2024; • The property is let to Vision Express (UK) Limited with a lease expiry 17th October 2024, providing an unexpired term of 0.67 years; • The tenancy is held outside the Landlord and Tenant Act 1954; • The passing rent is £200,000 per annum, reflecting a low £6.17 psf; • Freehold; • Asset management opportunities in the short term available, including re-letting but also suitable for self-storage conversion; • Site area 1.13 acres; We are instructed to seek offers in excess of £3,500,000 (Three Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of NIY 5.37% and a low capital value of £108 per Sq Ft, assuming purchasers costs of 6.50%. Potential to achieve a Reversionary Yield in excess of 6.30%.