MKM Building Supplies Ltd, Colwick, Nottingham, NG4 2SZ
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Atlas Real Estate, has recently advised Knight Frank Investment Management on the acquisition of a newly built MKM Building Supplies unit in Nottingham.
The property is located in Colwick, a suburb of Nottingham, 2.5 miles to the east of the city centre and is situated adjacent to a Sainsbury’s supermarket and Victoria Retail Park. The property comprises a 20,484 sq.ft builder’s merchants on a site of 1.72 acres.
The property is let to MKM Building Supplies Ltd, guaranteed by MKM Building Supplies (Group) Ltd, on a new 20 year lease from March 2023. The lease is held on full repairing and insuring terms subject to 5 yearly upward only reviews to RPI collared at 1.5% and capped at 3.5% per annum compounded. The commencing rent is £217,750 per annum.
FHP represented the vendor, EE Ventures.
