Broadway & St Mary's Gate, Lace Market, Nottingham, Nottinghamshire
£125.78 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
31,802 sq ft
2,955 sq m
- SECTOR
Commercial property for sale
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
Brochures
Broadway & St Mary's Gate, Lace Market, Nottingham, Nottinghamshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lace Market Tram Stop0.1 miles
- Old Market Square Tram Stop0.3 miles
- Station St Tram Stop0.3 miles
About Innes England Ltd, Nottingham
2 The Triangle, Enterprise Way, NG2 Business Park, Nottingham, NG2 1AE
Innes England commercial property agency has offices in Nottingham, Derby and Leicester.
The region's leading commercial property agency managing sales, lettings, investments, disposals and acquisitions of all commercial property including office, retail and industrial. Expert teams provide additional asset management, consultancy, professional services and building consultancy.
Nottingham Office
Innes England works with clients across the UK, with a special focus o
Notes
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