Fletcher Gate
Nottingham NG1 1QQ
 One · Retail Property For Sale

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
$2,009,781
Price Per SF
$109.52
Cap Rate
10.06%
NOI
$202,234
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

MAP

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