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One Fletcher Gate 18,351 SF 100% Leased Retail Building Nottingham NG1 1QQ $2,009,108 ($109.48/SF) 10.05% Cap Rate
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
Storefront Retail/Residential
Building Size
18,351 SF
Building Class
B
Year Built
2004
Price
$2,009,108
Price Per SF
$109.48
Cap Rate
10.05%
NOI
$201,915
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Building FAR
0.46
Lot Size
0.91 AC
Amenities
- Bus Line
- 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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