NG unveils rare Loughborough investment opportunities
NG Chartered Surveyors has been instructed to dispose of two light industrial/trade counter investments in Loughborough.
The Nottingham agency has been entrusted with the sale of the Toolstation outlet and the nearby Waldron Court complex – both on Prince William Road in Loughborough.
The 3,827 sq ft Toolstation unit is available for sale and NG is inviting offers in excess of £750,000. It is let to Toolstation on a 12 year lease that expires in August 2028. Current rent is £42,000pa until the end of the term.
Richard Sutton, managing director of NG Chartered Surveyors, is handling the sale.
He said: “This is a rare opportunity to acquire a prime freehold trade counter at the entrance to Loughborough’s premier industrial area.
“Toolstation is a high-quality tenant, with profits for the year-ending December 2022 of £15m. The location of the property is highly desirable at the entrance to what is arguably Loughborough’s premier industrial area opposite Loughborough’s B&Q Depot.”
Meanwhile, Waldron Court has never been brought to the market before, but is now up for sale for offers in excess of £2.5m.
The development of six light industrial/trade counter units includes offices and showroom space with integral warehouse space and covers almost 16,500 sq ft. Current annual income £147,000 pa with scope for rental growth to around £170,000.
Sutton said: “This fully-let scheme represents some of Loughborough’s best light industrial space. This is illustrated in its fantastic mix of local, regional and national tenants.
“This development has proven exceptionally popular since it was built in 1998. Units here are always highly sought after, given their high profile.”
He added: “Loughborough is thriving and investment opportunities like this don’t come along every day; I’d urge all interested parties to contact me immediately to register their interest as they won’t stay on the market for long.”
