John Webster House, Nottingham Business Park, Nottingham
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£2,848,000
Jan 2010
Atlas Real Estate have recently concluded the aquisition of the Care Fertility headquarters at Nottingham Business Park on behalf of Threadneedle UK Property Unit Trust.
The property comprises a modern two storey office building of 14,822 sq.ft let to Centres for Assisted Reproduction Ltd for a term of 15 years from 16th December 2005 at a passing rent of £240,867 per annum.
The purchase price was £2,848,000 reflecting a net intial yield of 8.00% assuming costs of 5.75%. The vendor was Royal Liver, represented by CBRE. Jones Lang Lasalle also acted for Threadneedle.
