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Chapel Court Chapel Ln 2,525 sq ft Office Property Arnold NG5 7DR £225,000 (£89.11/sq ft) 10.97% Net Initial Yield
Investment Highlights
- Detached multi let office building with annex
- The annex is let to an individual t/a Studio Mae
- Combined rent passing of £25,500 per annum
- Main building is let to Transitions Housing Solutions C.I.C and NSL Ltd
- NSL have not served their March 2026 Break Notice
Executive Summary
An opportunity to acquire a freehold detached three-storey office building & annex extending to a combined area of circa 2,525 sq ft located in the heart of Arnold town centre. Let to three tenants and producing a combined rent of £25,500 pa
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Tenure
Freehold
Property Size
2,525 sq ft
Costar Property Class
B
Year Built
1970
Price
£225,000
Price per sq ft
£89.11
Yield
10.97%
NOI
£24,683
Tenancy
Single
Number of Floors
2
Typical Floor Size
1,263 sq ft
Parking
6 Spaces (2.38 Spaces per 1,000 sq ft Leased)
Amenities
- Courtyard
- Fenced Lot
- Accent Lighting
- Storage Space
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