Property overview

Halfords, 355 Nuthall Road, Nottingham, NG8 5BU

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Modern retail warehouse of 5,195 sq.ft located on Nuthall Road, Nottingham.  Let to Halfords Ltd for a further 8 years.  Passing rent of £89,843 per annum.  June 2016 rent review on a compounded RPI basis (collared at 1% and capped at 3% per annum).  Offers sought in excess of £1,171,000 which reflects a net initial yield of 7.25% and a potential reversionary yield in June 2016 of 8.40%.