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- LoopNet Team
1-3C Tamworth Rd
Nottingham NG10 1JE
Office Property For Sale
Investment Highlights
- Two ground floor shops let on leases expiring in 2027 and 2029 producing £44,800 p.a. – no breaks
- First and second floors comprise 12 newly converted, let, apartments, producing £72,900 p.a.
- Offers invited at £1,500,000 to show a gross yield of 7.84% before costs
- Lease to Nationwide Building Society for 10 years, expiring 2029
- Each flat held on a 125 ground lease at a peppercorn
PROPERTY FACTS
Amenities
- Security System
- Storage Space
About 1-3C Tamworth Rd , Nottingham, NTT NG10 1JE
The property comprises a substantial building with accommodation arranged over ground and two upper floors originally constructed as a department store many years ago. The ground floor now consists of 2 retail units, one of which is occupied by The Nationwide Building Society who have been in occupation for many years and the other unit has been let to Living the Bream Ltd t/a Cod and Scallops. The first and second floors now consist of 12 self contained, mainly one bedroom apartments. The building has been subject to extensive works of refurbishment / reconfiguration and upgrading and is now in excellent condition. The upper floor accommodation is approached via a separate side access from Tamworth Road.
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