Site 8B Sherwood Park, Nottingham

Nottingham
Invista Real Estate Investment Management advised by Drivers Jonas, has acquired Site 8B, Sherwood Park, Nottingham. The purchase price was £6.04m which reflects a net initial yield of 5.75%.
The agents consider that the rent is reversionary from the current level of £4.62 psf to an ERV of around circa £4.75 with a rent review in March 2008.
The investment comprises a distribution warehouse of 79,466 sq ft, let to prolog for just less than 14 years providing Invista with a defensive and reversionary income stream.