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
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