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Nuthall Rd - The Commodore

8,159 SF Retail Unit Offered at £1,060,000 in Nottingham NG8 5DQ

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Property Facts

Price	£1,060,000	Building Class	B
Unit Size	8,159 SF	Number of Floors	4
No. Units	1	Typical Floor Size	12,024 SF
Total Building Size	12,024 SF	Year Built	1993
Property Type	Retail (Unit)	Lot Size	0.68 AC
Property Subtype	Storefront Retail/Residential	Parking Ratio	1.66/1,000 SF
Sale Type	Investment

Price	£1,060,000
Unit Size	8,159 SF
No. Units	1
Total Building Size	12,024 SF
Property Type	Retail (Unit)
Property Subtype	Storefront Retail/Residential
Sale Type	Investment
Building Class	B
Number of Floors	4
Typical Floor Size	12,024 SF
Year Built	1993
Lot Size	0.68 AC
Parking Ratio	1.66/1,000 SF

1 Unit Available

Unit 1

Unit Size	8,159 SF	Tenure	Long Leasehold
Price	£1,060,000	Net Initial Yield	8.00%
Price Per SF	£129.92	NOI	£84,800
Unit Use	Retail	No. Parking Spaces	10
Sale Type	Investment

Unit Size	8,159 SF
Price	£1,060,000
Price Per SF	£129.92
Unit Use	Retail
Sale Type	Investment
Tenure	Long Leasehold
Net Initial Yield	8.00%
NOI	£84,800
No. Parking Spaces	10

Description

The property comprises a prominent corner ground floor unit extending to 8,159 sq. ft ( 758.27 sq. m). Unit 1 is the predominant unit of the wider 15,039 sq. ft. Commodore Court scheme with other neighbouring occupiers including Barnardo’s.

Sale Notes

A new 999 year lease will be granted from completion at a peppercorn ground rent. Offers based on £1,060,000 plus VAT,
reflecting a NIY of 8%.

The property is let in its entirety to Community Health and Eyecare Limited for a term of ten years from 11/06/2021, expiring 10/06/2031, at a passing rent of £89,749 per annum. There is a rent review and break clause on 11/06/2026.