1-2 Angel Row | Nottingham NG1 6HL
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1-2 Angel Row
Nottingham NG1 6HL
Retail Property For Sale
Investment Highlights
- Double Fronted Prime Café & Residential Investment
- £900,000 to reflect an initial yield to the purchaser of 6.98% after costs
- Refurbished residential apartments
- Annual rental £66,400 per annum, based on current ground floor tenant performance
Executive Summary
The site is freehold, though subject to the tenancies shown overleaf. £900,000 is required for the benefit of this valuable freehold investment opportunity that will reflect a current net initial yield of 6.98%, on the basis that Caffé Nero continue to pay rent on the basis of the passing rent and after the tenant on the third floor has seen the rent increased from September 2023.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,229 SF
Building Class
B
Year Built
1912
Price
£900,000
Price Per SF
£732
Net Initial Yield
6.98%
NOI
£62,820
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Amenities
- 24 Hour Access
- Bus Route
- Accent Lighting
- Storage Space
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