![Building Photo](https://images.loopnet.co.uk/i2/hHWdf9_MMmZm5rj0bBk6tDMgNIbKjFNkypA59P5D3p0/112/image.jpg)
Fletcher Gate | Nottingham NG1 1QQ
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Fletcher Gate
Nottingham NG1 1QQ
One · Retail Property For Sale
![Fletcher Gate, Nottingham for sale - Building Photo - Image 1 of 5](https://images.loopnet.co.uk/i2/hHWdf9_MMmZm5rj0bBk6tDMgNIbKjFNkypA59P5D3p0/110/Fletcher-Gate-Nottingham-NTT-Building-Photo-1-Large.jpg)
![Fletcher Gate, Nottingham for sale - Building Photo - Image 2 of 5](https://images.loopnet.co.uk/i2/fclDxSJNOvnDOJ1xkAawOtL8ATaUL_ErC27sR1SPUHI/110/Fletcher-Gate-Nottingham-NTT-Building-Photo-2-Large.jpg)
Investment Highlights
- Prime leisure investment opportunity with annual fixed uplifts
- The property occupies a highly prominent position within the heart of the famous Lace Market
- Immediately adjacent to a number of major tram stops serving the city’s urban area
Executive Summary
We have been instructed to seek offers in excess of £1,725,000 (One Million Seven Hundred and Twenty Five Thousand Pounds). A purchase at this level would reflect a net initial yield of 8.75%, assuming standard purchaser costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
18,351 SF
Building Class
B
Year Built
2004
Price
£1,500,000
Price Per SF
£82
Net Initial Yield
10.06%
NOI
£150,938
Percent Leased
100%
Tenancy
Multiple
Number of Floors
6
Building FAR
0.46
Lot Size
0.91 AC
Amenities
- Bus Route
- Storage Space
- Air Conditioning
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