savills.co.uk

SAVILLS NOTTINGHAMEnfield Chambers, 18 Low PavementNottingham, NG1 7DG

0115 934 8050

Key Highlights• Modern office investment on Nottingham’s

premier business park

• Freehold

• Let to Nexor Limited

• 4,051 sq ft (376.35 sq m) of high quality open plan office accommodation.

• 14 car parking spaces

• Let until August 2023 at a rent of £68,000 per annum reflecting £16.79 per sq ft

• Guide Price £875,000 subject to contract and exclusive of VAT. This reflects a net initial yield of 7.34% taking into consideration standard purchaser’s costs of 5.60%.

8 THE TRIANGLEEnterprise Way, Nottingham NG2 1AE

FOR SALE FREEHOLD BUSINESS PARK INVESTMENT OPPORTUNITY

savills.co.uk

SAVILLS NOTTINGHAMEnfield Chambers, 18 Low PavementNottingham, NG1 7DG

0115 934 8050

LocationNG2 has become the most popular business park in Nottingham, attracting occupiers including Experian, Mercedes, Geldards, HSBC and Pentland Group amongst others.

The property is located on The Triangle which forms part of the NG2 Business Park and comprises a campus of pavilion style office buildings.

NG2 Business Park lies approximately 1.5 miles south west of Nottingham city centre, off Queens Drive (A453), the main arterial route between Nottingham and Junction 24 of the M1 motorway.

The business park has excellent public transport links including regular bus services and it’s own tram stop with Line 2 of the NET tramline passing directly through the business park providing fast links to Nottingham city centre.

Castle Marina Retail Park lies within close proximity of NG2 and includes a large Sainsbury’s superstore, a hotel and various shops and restaurants.

DescriptionThe property, constructed in 2006, comprises a modern semi-detached pavilion style office building occupying a central position within The Triangle development. Originally designed to provide open plan office accommodation over two floors, the tenant’s fit out includes a number of meeting rooms and private offices to both floors. The property benefits from ten forecourt car parking spaces plus an additional four spaces in tandem.

Specification• Feature glazed double height atrium.

• Independent access to ground and first floors.

• Open plan floor space, 150mm full accessed raised floors.

• LG7 lighting.

• Comfort cooling.

• Male, female and disabled WC facilities, plus shower room.

• Fitted kitchenette on each floor.

Occupational TenancyNexor Ltd have occupied the property since August 2013 and have recently completed a lease renewal for a further term of five years from 16 August 2018 on FRI terms, subject to a schedule of condition at a fixed rent of £68,000 per annum exclusive.

ContactIan Muxlow+44 (0) 1159 348 0538imuxlow@savills.com

Ria Khan+44 (0) 115 934 8057nkhan@savills.com

AccommodationMeasured on a net internal basis for guidance purposes.

FLOOR SQ FT SQ M

Ground 2,024 188.03

First 2,027 188.31

Total 4,051 376.35

TenantEstablished in 1989, Nexor Ltd are secure information exchange specialists serving defence, government and critical national infrastructure organisations around the globe. Nexor have an impressive list of clients including the UK government, the European Central Bank and the US Department of Defence.

TenureFreehold

VATThe property has been elected for VAT and therefore VAT will be payable. It is intended that the property will be sold as a Transfer Of a Going Concern (TOGC).

EPCThe property has an Energy Performance Certificate of C51. A copy of this certificate is available upon request.

ProposalOffers invited in the order of £875,000, subject to contract and exclusive of VAT. This reflects a net initial yield of 7.34% taking in to consideration standard purchaser’s costs of 5.60%.

Viewing and further informationStrictly by prior appointment with the sole agent, Savills.

IMPORTANT NOTICEMaps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | October 2018

SHOWER ROOM