Log In/Sign up
Your email has been sent.
Lower Parliament St 27,811 sq ft 100% Let Retail Property Nottingham NG1 3DA £2,900,000 (£104.28/sq ft) 10.33% Net Initial Yield
Investment Highlights
- Excellent transport links
- Very busy city centre position opposite the Victoria Centre
- Resident population of 337,100
Executive Summary
Let to Poundland Limited and Bon Marche Limited
Long Leasehold 125 years from 10/07/2007 to 09/07/2132 at a peppercorn rent
Redevelopment potential – planning granted in 2024 to take the building to 5 storeys for conversion to 104 student beds
Vacant 9,116ft² sqft basement in shell and core condition suitable for future asset management by creating potential leisure space.
Long Leasehold 125 years from 10/07/2007 to 09/07/2132 at a peppercorn rent
Redevelopment potential – planning granted in 2024 to take the building to 5 storeys for conversion to 104 student beds
Vacant 9,116ft² sqft basement in shell and core condition suitable for future asset management by creating potential leisure space.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront
Property Size
27,811 sq ft
Costar Property Class
C
Year Built
1990
Price
£2,900,000
Price per sq ft
£104.28
Yield
10.33%
NOI
£299,570
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.45
Total Plot Size
0.44 ac
1 1
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Lower Parliament St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.