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One Fletcher Gate 18,351 sq ft 100% Let Retail Property Nottingham NG1 1QQ £1,500,000 (£81.74/sq ft) 10.05% Net Initial Yield
Investment Highlights
- Prime leisure investment opportunity with annual fixed uplifts
- The property occupies a highly prominent position within the heart of the famous Lace Market
- Immediately adjacent to a number of major tram stops serving the city’s urban area
Executive Summary
We have been instructed to seek offers in excess of £1,725,000 (One Million Seven Hundred and Twenty Five Thousand Pounds). A purchase at this level would reflect a net initial yield of 8.75%, assuming standard purchaser costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
18,351 sq ft
Costar Property Class
B
Year Built
2004
Price
£1,500,000
Price per sq ft
£81.74
Yield
10.05%
NOI
£150,750
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
6
Plot ratio
0.46
Total Plot Size
0.91 ac
Amenities
- Bus Route
- Storage Space
- Air Conditioning
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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One | Fletcher Gate
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