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44-48 The Ropewalk 1,409 sq ft Office Unit Offered at £360,000 in Nottingham NG1 5DW
Investment Highlights
- Single let office investment located in Nottingham’s Professional Quarter.
- Self-contained suite extending to 1,409 sq ft (131 sq m).
- Let to a strong local covenant on a 5 year lease.
- Prime location on The Ropewalk.
- 6 car parking spaces.
- Offers are invited in the region of £360,000 for the long leasehold interest, subject to contract and exclusive of VAT.
Executive Summary
Nottingham is the principal city in the East Midlands and benefits from a £9 billion economy. The city is located approximately 128 miles north of London, 45 miles north-east of Birmingham, and 28 miles north of Leicester.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold/Long Leasehold |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
Description
The property comprises a self-contained ground-floor office suite within Cavendish House, an elegant self-contained three storey office building situated in one of Nottingham’s most prestigious locations, nestled between The Park Estate and within the traditional Professional Office Quarter of the city centre. Cavendish House is a mixed office/residential building that was converted approximately 20 years ago to provide high class office and residential accommodation. The office suite is accessed from The Ropewalk via a private paved courtyard and comprises a series of offices, meeting rooms, stores, with ancillary kitchen and toilet accommodation all on one level. In addition, there is a small basement storage area.
Sale Notes
We are instructed to seek offers in the region of £360,000 for the long leasehold interest, subject to the occupational lease. A purchase at this level reflects a 8.05% net initial yield, after allowing for standard purchasers’ costs of 3.50%.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit Suite 1 | 1,409 sq ft | Office | £360,000 (£255.50/sq ft) | - |
Unit Suite 1
| Unit Size |
| 1,409 sq ft |
| Unit Use |
| Office |
| Price |
| £360,000 (£255.50/sq ft) |
| NOI |
| - |
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Unit Suite 1
| Unit Size | 1,409 sq ft |
| Unit Use | Office |
| Price | £360,000 (£255.50/sq ft) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Description | |
| The property comprises a self-contained ground-floor office suite within Cavendish House, an elegant self-contained three storey office building situated in one of Nottingham’s most prestigious locations, nestled between The Park Estate and within the traditional Professional Office Quarter of the city centre. Cavendish House is a mixed office/residential building that was converted approximately 20 years ago to provide high class office and residential accommodation. The office suite is accessed from The Ropewalk via a private paved courtyard and comprises a series of offices, meeting rooms, stores, with ancillary kitchen and toilet accommodation all on one level. In addition, there is a small basement storage area.</li></ul> | |
| Sale Notes | |
| We are instructed to seek offers in the region of £360,000 for the long leasehold interest, subject to the occupational lease. A purchase at this level reflects a 8.05% net initial yield, after allowing for standard purchasers’ costs of 3.50%.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 5,305 sq ft | Typical Floor Size | 1,768 sq ft |
| Property Type | Office (Unit) | Year Built | 1857 |
| Costar Property Class | B | Parking Allocation | 1.13/1,000 sq ft |
| Floors | 3 |
| Total Property Size | 5,305 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 1,768 sq ft |
| Year Built | 1857 |
| Parking Allocation | 1.13/1,000 sq ft |
Amenities
- 24 Hour Access
- Security System
- Storage Space
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Major Tenant Information
| TENANT | sq ft Occupied | LEASE END DATE |
|---|---|---|
| CBP Architects |
1,478 sq ft
|
-
|
| The Ropewalk Dental & Implant Suite |
871 sq ft
|
-
|
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44-48 The Ropewalk
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