Office buildings snapped up at NG2

Two office buildings at NG2 Business Park in Nottingham have been acquired by private investors.

Acting on behalf of a private pension fund and limited private partnership, Savills has sold 8 and 10 The Triangle – which comprise 4,051 sq ft and 2,037 sq ft of office accommodation respectively – to two different parties.

The freehold of 8 The Triangle was sold above the original guide price of £875,000. The building is currently let to cyber-security company Nexor, generating an annual income of £68,000.

Number 10 was sold in excess of its guide price of £475,000 and is let to chartered accountants TCP.

Ian Muxlow, director in the commercial team at Savills Nottingham, said: “From the date we launched these buildings to market, we received multiple offers from a range of investors demonstrating the significant demand for well secured modern office investments in Nottingham. NG2, one of the city’s prime edge of town business parks, is situated in a highly accessible location and is occupied by international businesses making it incredibly attractive to those seeking investment opportunities. What’s more, it is encouraging that this interest is also coming from outside of the city, pushing capital values up as investors chase limited stock within the sector.”