25 Goose Gate 2,343 SF Retail Building Nottingham NG1 1FE $527,201 ($225.01/SF) 7.30% Cap Rate

Fully let to RO RO RI Limited trading as Pogo.
Rent passing £30,000 per annum.
Unexpired lease term of 3 years.
The property comprises a three storey, mid-terrace retail unit with pitched slate roof.
The ground floor has been extended at the rear to create a larger sales area and the first and second floors being representative of the original building layout.
The property is currently fully fitted as a Cocktail Bar with seating at ground and first floor level with associated back of house and staff facilities on the second floor. In the basement there is a cellar, storage and additional toilets.
Quoting price of £395,000 reflects a net initial yield of 7.30% assuming Purchaser’s Costs of 4.14%.