Summary - UNIT 1, FINCH CLOSE NG7 2NN
1 bed 1 bath Warehouse
Single-let investment with planning flexibility and attractive 7.2% net initial yield.
588 sqm (6,329 sq ft) industrial unit with three electric roller shutters
An immediately investable motor-trade warehouse on a highly visible corner site close to Nottingham city centre. The single-let property produces £55,000 pa from Sandicliffe Ltd, a strong regional operator with an Experian 100 (very low risk) rating. The advertised price reflects a net initial yield of 7.2% and a capital value of £114.55 per sq ft, offering predictable income for buyers seeking occupational security and easy motorway access via the A52/M1.
The building is purpose-built for automotive use: steel portal frame, brick elevations, three full-height electric roller shutters, minimum 5m eaves and large vehicle access. The gated 0.46 acre site includes circa 18 parking spaces and a loading apron, supporting continued motor-trade or light industrial/B8 uses. Planning consent granted in May 2022 broadens permitted uses to E(g)(i-iii), B2 and B8, increasing occupational flexibility.
Buyers should note material lease and tenure points. The investment is long leasehold with 81 years remaining on the headlease to Nottingham City Council; the immediate term to the tenant's lease expiry is 1 March 2033 (approximately 7 years, 3 months unexpired). There is a tenant-only break in March 2028 and a rent review in 2028; the tenant also benefits from six months' rent-free if the break is not exercised. The tenant occupies on a full repairing basis subject to a schedule of condition; landlord arranges insurance and recharges costs.
Practical considerations: EPC D (90) valid to 2031 and the site sits in a busy commercial corridor with above-average local crime levels. The long leasehold headlease life (81 years) may require early attention or negotiation with the freeholder. Overall this is a well-located, income-producing asset with clear upside from planning flexibility but with specific leasehold timings and management obligations for a buyer to manage.
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