Key Information
- 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
- Offers in excess of £4,000,000. Consideration is also been given to a sale in part. Further details available from the Agent.
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