25 Goose Gate 2,343 SF Retail Building Nottingham NG1 1FE £400,000 (£170.72/SF) 7.20% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Fully let to RO RO RI Limited trading as Pogo
- Landlord owned Fixtures and Fittings
- Unexpired lease term of 3 years 10 months
EXECUTIVE SUMMARY
The property comprises a three storey, mid-terrace retail unit with pitched slate roof.
The ground floor has been extended at the rear to create a larger sales area and the first and second floors being representative of the original building layout.
The property is currently fully fitted as a Cocktail Bar with seating at ground and first floor level with associated back of house and staff facilities on the second floor. In the basement there is a cellar, storage and additional toilets.
Quoting price of £400,000 reflects a net initial yield of 7.2% assuming Purchaser’s Costs of 4.18%
The ground floor has been extended at the rear to create a larger sales area and the first and second floors being representative of the original building layout.
The property is currently fully fitted as a Cocktail Bar with seating at ground and first floor level with associated back of house and staff facilities on the second floor. In the basement there is a cellar, storage and additional toilets.
Quoting price of £400,000 reflects a net initial yield of 7.2% assuming Purchaser’s Costs of 4.18%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,343 SF
Building Class
B
Year Built
1911
Price
£400,000
Price Per SF
£170.72
Net Initial Yield
7.20%
NOI
£28,800
Tenancy
Single
Number of Floors
4
Frontage
16 ft on Goose Gate
AMENITIES
- EPC - D
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
