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Agent's details

Broadway and St Mary's Gate, Lace Market, Nottingham, Notts

For sale: £4,000,000.00|31,802 Sq Ft|Office, Healthcare, Other, Residential, Research & Development, Offices, Other Property Types & Opportunities

Property details

FOR SALE£4,000,000.00
SIZE31,802 Sq Ft
ADDRESSBroadway and St Mary's Gate, Lace Market, Nottingham, Notts
TYPEOffice, Healthcare, Other, Residential, Research & Development, Offices, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON11th December 2023

Description

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 ( Agency Pilot Software ref: 8380 )

Location

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Location: Broadway and St Mary's Gate, Lace Market, Nottingham, Notts

Nottingham (0.3 miles)

Carlton (2.8 miles)

Netherfield (3.0 miles)

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