ROSELAND BUSINESS PARK, LONG BENNINGTON
The Grantham office of Brown & Co have launched onto the market this rare multi-let industrial investment known as Roseland Business Park situated between Newark and Grantham. The site extends to 104 acres including 18 substantial buildings arranged as 27 units, concrete yardage and expansion land. The rent roll is circa £1.2 million per annum plus circa 27 acres of expansion land. The site supports a number of significant tenants including Balfour Beatty, Babcock Aerospace Limited, UK Cold Stores (Marston) Limited and the Greenhous Group Limited.
The site originates from the Second World War when it was an RAF Base. A number of the hangars have been significantly extended and refurbished over the years, along with the construction of additional new build units.
Marketing is underway and the price is guided at £12.59 million.
BALDERTON DEPOT, NEWARK
Balderton Depot near Newark, a multi-let industrial estate, is also available for sale through the Grantham office, comprising two key tenants of Rototek and Barratt Steel. This investment has a rent roll of £275,009 per annum and is available to purchase at a guide price of £2.6 million. The Rototek lease terminates on 24th December 2023 with a tenant’s break option on 24th December 2021. Therefore, the Barratt Steel lease has more than 10 years unbroken and this is to a tenant with a covenant strength of over £50 million of net worth.