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42-44 Bridgford Rd 6,852 sq ft 100% Let Retail Property West Bridgford NG2 6AP £2,200,000 (£321.07/sq ft) 6.76% Net Initial Yield
Investment Highlights
- Prime central West Bridgford location opposite main town car park
- Strong commercial tenants complemented by fully let residential income
- Newly developed mixed-use scheme with modern accommodation
Executive Summary
The investment comprises a newly developed mixed-use property combining a dual-let restaurant element at ground floor with a fully occupied residential upper-floor offering. The commercial space is operated by two strong hospitality tenants: Rudy’s Pizza on a 15-year lease and Melo Melo Wine Bar on a 7-year lease. Above, seven well-configured apartments are fully let on ASTs, providing a stable and diversified income profile. The arrangement offers an attractive blend of secure restaurant leases and consistent residential revenue, creating a balanced and reliable investment. The property is available at an asking price of £2,200,000 and reflects a NIY of 6.76%, assuming purchaser's costs of 6.5%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
6,852 sq ft
Year Built
2020
Price
£2,200,000
Price per sq ft
£321.07
Yield
6.76%
NOI
£148,720
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Frontage
40 ft on Bridgford Rd
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Storage Space
- Smoke Detector
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42-44 Bridgford Rd
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