SALE & LEASEBACK BUSINESS PARK INVESTMENT OPPORTUNITY, NG2 has become the most popular business park in Nottingham, attracting occupiers including Experian, Mercedes, Geldards, HSBC and Pentland Group amongst others., The property is located on The Triangle which forms part of the NG2 Business Park and comprises a campus of pavilion style office buildings., NG2 Business Park lies approximately 1.5 miles south west of Nottingham city centre, off Queens Drive (A453), the main arterial route between Nottingham and Junction 24 of the M1 motorway., The business park has excellent public transport links including regular bus services and it’s own tram stop with Line 2 of the NET tramline passing directly through the business park providing fast links to Nottingham city centre., Castle Marina Retail Park lies within close proximity of NG2 and includes a large Sainsbury’s superstore, a hotel and various shops and restaurants., Tenure, Freehold, Occupational Tenancy, The investment will be sold by way of a sale and leaseback transaction. The property is to be let to TCP (GB) Group Ltd on a new ten year full repairing and insuring lease. The lease will be within the Landlord & Tenant Act 1954 and will be subject to a five yearly upward only rent review and tenant option to break. The initial passing rent will be £33,500 per annum, reflecting a realistic rent of £16.45 per sq ft on the net internal area., Covenant Information, TCP (GB) Group Ltd is a firm of chartered accountants based in Nottingham, which was established in 1985 providing taxation, business advisory and support services to a wide range of businesses and individuals. TCP clients include healthcare professionals, the motor trade, the hospitality sector, the construction industry, the IT sector and charities., TCP (GB) Group Limited has a D&B rating of 1A1 representing a ‘minimum risk’ of business failure. As at 31/03/2018 the company had a tangible net worth of £899,000., VAT, The property has been elected for VAT. It is intended that the property will be sold as a Transfer Of a Going Concern (TOGC)., • Sale and leaseback opportunity of a self contained office building., A prime business park location., 2,037 sq ft (189.22 sq m) of high quality office accommodation., Seven car parking spaces., Freehold., The property will be let by way of a new lease to TCP (GB) Group Limited, Initial rent £33,500 per annum equating to a realistic £16.45 per sq ft., Guide Price £475,000 subject to contract and exclusive of VAT., This reflects a net initial yield of 6.71%., Allowing for purchasers’ costs of 4.59%., The property, constructed in 2006, comprises a modern semi-detached pavilion style office building occupying a central position within The Triangle development. Originally designed to provide open plan office accommodation over two floors, the tenant’s fit out includes a number of meeting rooms and private offices to both floors. The property benefits from five forecourt car parking spaces plus an additional two spaces in tandem. Specification • Feature glazed double height atrium. • Open plan floor space, 150mm full accessed raised floors. • LG7 lighting. • Comfort cooling. • Male, female and disabled WC facilities. • Fitted kitchenette on each floor.