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171-177 Castle Blvd

4,426 SF Retail Building Nottingham NG7 1GY $1,009,680 ($228/SF) 6.86% Cap Rate

Retail Buildings Nottinghamshire Nottingham 171-177 Castle Blvd, Nottingham, NTT NG7 1GY

Investment Highlights

  • Castle Marina Retail Park is within close proximity
  • Good footfall
  • The property occupies a prominent position fronting Castle Boulevard

Executive Summary

Offers are sought in the region of £800,000 (Eight Hundred Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 6.86%. The entire property is let to Boots Opticians Professional Services Limited for a term of 5 years, commencing 1 April 2024 at a passing rent of £57,750 per annum. The lease is drafted on a full repairing and insuring basis.

Attachments

Brochure

Property Facts Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
4,426 SF
Building Class
B
Year Built
1993
Price
$1,009,680
Price Per SF
$228
Cap Rate
6.86%
NOI
$69,264
Tenancy
Single
Building Height
2 Stories
Parking
15 Spaces (3.39 Spaces per 1,000 SF Leased)
Frontage
73 FT on Castle Boulevard

Amenities

  • Bus Line
  • Security System
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Nearby Major Retailers

The Waters Edge
UFC Gym
Sainsbury's
Lidl
Pure Gym
Orangetheory Fitness
Nisa
Costa Coffee
Starbucks
Iceland
+44 115 934 8171

Contacts

  • Listing ID: 33361073

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 171-177 Castle Blvd, Nottingham NG7 1GY

The Retail Property at 171-177 Castle Blvd, Nottingham, NG7 1GY is currently available for sale. Contact Savills for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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171-177 Castle Blvd
+44 115 934 8171 x

171-177 Castle Blvd

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Victor Ktori

+44 115 934 8171

+44 115 934 8171

Luke Epps

+44 115 934 8050

+44 115 934 8050

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