48 Upper Parliament St | Nottingham NG1 2AG
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48 Upper Parliament St
Nottingham NG1 2AG
Office Property For Sale
Investment Highlights
- Total income of £70,400 pa producing a GIY of 8.53% from August 2023
- Within a 3-minute walk of Nottingham Trent University
- Prominent position close to Victoria Shopping Centre, Clumber Street
Executive Summary
Offers in the region of £825,000, which reflects a gross yield of 8.53% from August 2023. The property is held in a company and consideration will be given to selling shares if requested.
The freehold is available with the benefit of the subsisting tenancies.
The retail unit is let at £40,000 pa to a private individual on an 18-month lease from 28th April 2022. The rent is paid monthly in advance. The Tenant wishes to commit to a new 5 year term at £40,000 pa on completion of the sale.
The 4-bedroom flat is let on a 50 week Assured Shorthold Tenancy (AST’s) until 5th August 2024 producing a rent of £30,400 for the
academic year 2023/2024. The rent Includes electric, water & Wi-Fi.
The freehold is available with the benefit of the subsisting tenancies.
The retail unit is let at £40,000 pa to a private individual on an 18-month lease from 28th April 2022. The rent is paid monthly in advance. The Tenant wishes to commit to a new 5 year term at £40,000 pa on completion of the sale.
The 4-bedroom flat is let on a 50 week Assured Shorthold Tenancy (AST’s) until 5th August 2024 producing a rent of £30,400 for the
academic year 2023/2024. The rent Includes electric, water & Wi-Fi.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
2,001 SF
Building Class
B
Year Built
1886
Price
£825,000
Price Per SF
£412
Net Initial Yield
8.53%
NOI
£70,373
Tenancy
Single
Number of Floors
5
Typical Floor Size
408 SF
Slab to Slab
9 ft
Amenities
- 24 Hour Access
- Bus Route
- Security System
- Roller Shutters
- Storage Space
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