14 Park Row
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
14 Park Row
20,639 SF 89% Leased Office Building Nottingham NG1 6GR $4,085,473 ($198/SF) 9% Cap Rate
Investment Highlights
- Prominent modern multi let office building located in Nottingham’s central business district with exposure to Maid Marian Way
- Current passing rent of £316,462 per annum reflecting a low £15.33 per sq ft compared to headline rents in Nottingham in excess of £20.00 per sq ft
- Secure onsite parking providing an excellent city centre parking ratio of 1:1375 sq. ft
- Extending to 20,639 sq ft arranged over basement, ground and four upper floors
- Let to four strong national covenants providing a WAULT of 2.3 years to break and 2.8 years to expiry
- Close to city centre transport links and amenities
Executive Summary
Prominent modern multi let office investment located in the historic Castle Quarter, Nottingham’s traditional professional district.
Offers are sought in excess of £3,300,000 (Three million three hundred thousand pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 9.0% and a low capital value of £160 per sq ft assuming normal purchaser’s costs.
The property is located within the historic Castle Quarter the traditional professional district of the city situated on the western edge of the city centre and links directly to Maid Marian Way and Old Market Square. The property enjoys a prominent corner position on Park Row and East Circus Street and is a few minutes walk from the city centre’s principal retailing and leisure amenities including Old Market
Square and Victoria Shopping Centre. Surrounding occupiers include many national and International professional service organisations such as Freeths LLP, Turner & Townsend, Potter Clarkson LLP, Coutts & Co and Now Pensions along with the Playhouse Theatre, Albert Hall Conference Centre, and Browns Brasserie.
The property benefits from excellent transport links with Nottingham NET Tram system and with several bus routes running along Friar Lane and Fletcher Gate.
The property is a modern headquarters style office building, originally constructed for Barclays as their local HQ in 1984, providing good quality refurbished accommodation across the ground and four upper floors in addition to a small basement area with secure under croft parking for 15 cars.
Offers are sought in excess of £3,300,000 (Three million three hundred thousand pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 9.0% and a low capital value of £160 per sq ft assuming normal purchaser’s costs.
The property is located within the historic Castle Quarter the traditional professional district of the city situated on the western edge of the city centre and links directly to Maid Marian Way and Old Market Square. The property enjoys a prominent corner position on Park Row and East Circus Street and is a few minutes walk from the city centre’s principal retailing and leisure amenities including Old Market
Square and Victoria Shopping Centre. Surrounding occupiers include many national and International professional service organisations such as Freeths LLP, Turner & Townsend, Potter Clarkson LLP, Coutts & Co and Now Pensions along with the Playhouse Theatre, Albert Hall Conference Centre, and Browns Brasserie.
The property benefits from excellent transport links with Nottingham NET Tram system and with several bus routes running along Friar Lane and Fletcher Gate.
The property is a modern headquarters style office building, originally constructed for Barclays as their local HQ in 1984, providing good quality refurbished accommodation across the ground and four upper floors in addition to a small basement area with secure under croft parking for 15 cars.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
20,639 SF
Building Class
B
Year Built
1994
Price
$4,085,473
Price Per SF
$198
Cap Rate
9%
NOI
$367,693
Percent Leased
89%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
3,440 SF
Slab To Slab
9’
Building FAR
2.66
Lot Size
0.18 AC
Parking
14 Spaces (0.68 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Raised Floor
- Kitchen
- Accent Lighting
- Storage Space
- Demised WC facilities
- Direct Elevator Exposure
- Open-Plan
- Shower Facilities
- Drop Ceiling
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Superb prominent location in Nottingham's Professional Quarter. Grade A specification with high quality tenant fit out. The property is available by way of a new lease for a period of years to be agreed from the 12th November 2022.
| Space | Size | Space Use | Condition | Available |
| Ground | 2,265 SF | Office | Partial Build-Out | Now |
Ground
| Size |
| 2,265 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Ground
| Size | 2,265 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Superb prominent location in Nottingham's Professional Quarter. Grade A specification with high quality tenant fit out. The property is available by way of a new lease for a period of years to be agreed from the 12th November 2022.
1 of 1
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
14 Park Row
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.