31802 sq. ft (2954.5 m²)
Key features
- NIA: 31,802 sq ft / GIA: 46,164 sq ft
- NIY of 8.10% and Reversionary Yield of 11.19%, once the property is fully let and ERV's achieved
- The price represents a low capital value of £126 psf
Description
A substantial freehold available for 1st time in over 40 years. Extending to 31,802 sq ft / 46,164 sqft on a GIA basis.
Rental income of £345,004* per annum (*once 'under offer' suite lease completed) providing a low average rent of £13 psf. Reversionary rent of £476,700 per annum once estimated rental values established.
Weighted Average Unexpired Lease Term of 2 years 5 months to expiry, 1 year to break. Let to a strong tenant line up including Stagemount, Pulse, Learning Pool and Rodgers Leask .
The property would also be suitable for alternative uses such as residential, subject to the requisite consents
Similar properties in the area
Investment for sale
One Fletcher Gate, One Fletcher Gate, Nottingham, Nottinghamshire, NG1 2EX
8397 sq. ft (780.11 m²)
Please contact us for full details.
Investment for sale
48 Upper Parliament Street, Nottingham, Nottinghamshire, NG1 2AG
2444 sq. ft (227.05 m²)
The property comprises of a ground floor restaurant/takeaway with a glazed frontage arranged over ground and lower ground floor. The retail unit also benefit from a yard area to the rear. There are two entrances at the front which allow the upper parts...
Investment for sale
34 Market Street, Nottingham , Nottingham, Nottinghamshire, NG1 6HW
3370 sq. ft (313.08 m²)
Please contact us for full details.
Office for sale
14 Park Row, Nottingham, Nottinghamshire, NG1 6GR
20639 sq. ft (1917.43 m²)
Prominent modern multi let office investment located in the historic Castle Quarter, Nottingham's traditional professional district. Prominent modern multi let office building located in Nottingham's central business district with exposure to Maid Mari...
Request a valuation of your property from local experts
Enquire now