25 Goose Gate 2,343 SF Retail Building Nottingham NG1 1FE $530,617 ($226.47/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully let to RO RO RI Limited trading as Pogo
- Landlord owned Fixtures and Fittings
- Unexpired lease term of 3 years 10 months
EXECUTIVE SUMMARY
The property comprises a three storey, mid-terrace retail unit with pitched slate roof.
The ground floor has been extended at the rear to create a larger sales area and the first and second floors being representative of the original building layout.
The property is currently fully fitted as a Cocktail Bar with seating at ground and first floor level with associated back of house and staff facilities on the second floor. In the basement there is a cellar, storage and additional toilets.
Quoting price of £400,000 reflects a net initial yield of 7.2% assuming Purchaser’s Costs of 4.18%
The ground floor has been extended at the rear to create a larger sales area and the first and second floors being representative of the original building layout.
The property is currently fully fitted as a Cocktail Bar with seating at ground and first floor level with associated back of house and staff facilities on the second floor. In the basement there is a cellar, storage and additional toilets.
Quoting price of £400,000 reflects a net initial yield of 7.2% assuming Purchaser’s Costs of 4.18%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,343 SF
Building Class
B
Year Built
1911
Price
$530,617
Price Per SF
$226.47
Cap Rate
7.20%
NOI
$38,204
Tenancy
Single
Building Height
4 Stories
Frontage
16’ on Goose Gate
AMENITIES
- Energy Performance Rating - D
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
