
Discovery House, Ruddington Fields Business Park, Nottingham NG11 6JW
Price: £6,545,000 - Initial Yield:5.50%
Date: Q4 2018
Acting on behalf of Legal & General we advised on the sale of this well secured long income office investment to West Berkshire Council for £6.545m, reflecting a net initial yield of 5.50%.
The property comprises a comprehensively refurbished Grade A office measuring 25,184 sq ft (2,339.7 sq m) arranged over ground and first floor. Secure income let to Computerland UK Limited (guaranteed by Capita Plc) with an annual rent of £383,872 p.a. (£15.24 psf). Unexpired term of approximately 19.4 years and annual RPI linked uplifts with a 1% collar and 4% cap. Low site cover of approximately 17% providing potential for a further extension to the building and excellent car parking ratio of 1:206 sq ft (122 car parking spaces).
Contact
John Ellison
Tel:
020 7493 3330
Mob:
07889 437 236
jellison@lewisellis.co.uk
James Caddick
Tel:
020 7493 3330
Mob:
07771 882 860
jcaddick@lewisellis.co.uk
James Elkington
Tel:
020 7493 3330
Mob:
07810722459
jelkington@lewisellis.co.uk