Property overview

Speedo House, Enterprise Way, NG2 Business Park, Nottingham, NG2 1EN

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£7,227,000
Sep 2021

The property is located on Nottingham’s premier out of town office park, one mile from Nottingham city centre and accessible via Nottingham’s tram system, the NET, with a station on the park.  The property comprises a 2010 built detached Grade A HQ office building extending to 3,511.08 sq.m (37,801 sq.ft) with 105 car parking spaces.  High quality specification including a full height galleried reception and a BREEAM Excellent rating.  Let to Speedo International Ltd, guaranteed by Pentland Group Ltd, for a further six years.  Guarantor has a Dun & Bradstreet rating of 5A1.  FRI lease.  Rent £732,281.59 per annum (£20.00 per sq.ft).  Freehold.  Offers sought in excess of £7,227,000 which reflects a net initial yield of 9.50% and a low capital value of £191.00 per sq.ft.