2-4 Chapel Bar
Nottingham NG1 6JQ

Retail Property For Sale

Investment Highlights

  • Prime location
  • Investment sale
  • Great transport links

Executive Summary

2-4 Chapel Bar underwent full conversion in
2017/18 to provide a ground floor and
basement retail/leisure unit along with 4 high
specification two bedroom apartments.
Two of the apartments benefit from vacant
possession whilst two of the apartments have
been sold on a long leasehold basis (125 years)
and therefore the purchaser will receive the
ground rents (£100 per annum each).
The two vacant apartments in our opinion
would achieve rents in the region of £26,400
per annum on a furnished basis

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
5,336 SF
Building Class
C
Year Built
1906
Price
£1,150,000
Price Per SF
£216
Net Initial Yield
5.22%
NOI
£60,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.53
Lot Size
0.23 AC
Frontage
39 ft on Chapel Bar Rd

Amenities

  • Bus Route
  • Security System
  • Storage Space
  • Listing ID: 32055778

  • Date on Market: 07/06/2024

  • Last Updated:

  • Address: 2-4 Chapel Bar, Nottingham NG1 6JQ