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Office

Office For Sale Nottingham

PROPERTY ID: 119316

PROPERTY TYPE

Office

STATUS

Under Offer

SIZE

31,802 sq.ft

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

Property Details

A Unique Opportunity To Acquire A Substantial Portfolio In The Heart Of The Lace Market, Nottingham. 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

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About the Agent

Innes England

See Agent's Other Properties

Office Unit

£4,000,000 Freehold

Broadway & St Mary's Gate, Nottingham, NG1 1PS
Office - Under Offer
31,802 sq ft
2,955 sqm
Show phone number

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