Fletcher Gate
Nottingham NG1 1QQ
One · Retail Property For Sale
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
£81.74
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
