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15 Castle Gate

8,525 SF 47% Leased Office Building Nottingham NG1 7AQ £1,250,000 (£147/SF) 3.27% Net Initial Yield

Investment Highlights

  • Nottingham is a major city in the East Midlands, within the heart of England with excellent transport links, rapid access to the Motorway system
  • Situated in one of the City's most desirable locations
  • The property occupies a prominent position within the pedestrianised section of Castle Gate between its junctions with Albert Street / Lister Gate

Executive Summary

Currently producing £40,863.21 per annum. Freehold, subject to existing tenancies upon completion. Title: NT187187.
Guide Price upon application.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
8,525 SF
Building Class
B
Year Built/Renovated
1900/1980
Price
£1,250,000
Price Per SF
£147
Net Initial Yield
3.27%
NOI
£40,863
Percent Leased
47%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
1,705 SF
Slab to Slab
9 ft
Building FAR
0.85
Lot Size
0.23 AC
Parking
12 Spaces (1.41 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Raised Floor
  • EPC - C
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,322 SF
  • Office
  • Full Build-Out
  • Now

Suites are available to let upon net effective full repairing and insuring leases for a term to be agreed. Guide rents and current service charges upon application.

  • 3rd Floor
  • 2,221 SF
  • Office
  • Full Build-Out
  • Now

Suites are available to let upon net effective full repairing and insuring leases for a term to be agreed. Guide rents and current service charges upon application.

Space Size Space Use Condition Available
1st Floor 2,322 SF Office Full Build-Out Now
3rd Floor 2,221 SF Office Full Build-Out Now

1st Floor

Size
2,322 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
2,221 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 2,322 SF
Space Use Office
Condition Full Build-Out
Available Now

Suites are available to let upon net effective full repairing and insuring leases for a term to be agreed. Guide rents and current service charges upon application.

3rd Floor

Size 2,221 SF
Space Use Office
Condition Full Build-Out
Available Now

Suites are available to let upon net effective full repairing and insuring leases for a term to be agreed. Guide rents and current service charges upon application.

  • Listing ID: 32316035

  • Date on Market: 02/07/2024

  • Last Updated:

  • Address: 15 Castle Gate, Nottingham NG1 7AQ

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