COMMERCIAL property firm Innes England has been instructed to market an inflation-proof Government-backed property investment on an established business park in Nottinghamshire’s M1 corridor at a guide price of £225,000.
The purchaser will be entitled to receive a rent from the Police & Crime Commissioners in the East Midlands for the next 250 years. The current passing rent is just over £5,000 a year and future rent reviews are to rise with inflation.
Located just off J27 of the M1 in Annesley, Nottingham, Sherwood Business Park is home to a thriving business community of headquarter office buildings, leading edge manufacturing facilities, call centres and mixed occupancy offices. It has been chosen by many well-known companies such as Dell, Eddie Stobart, Pendragon, E-on and L'Oreal.
Director and Head of Business Space at Innes England, Craig Straw said: “This is an attractive investment which we anticipate will be of particular interest to personal pensions schemes.
“Not only is the guide price very affordable, there is also rare long-term income from Government-backed money.
“The 250-year lease means that not only will the purchaser benefit from it, but so will future generations and it is inflation-proof as the lease incorporates annual RPI linked upward only rent reviews.”