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Station Road
Nottingham NG10 1GL

Retail Property For Sale

Retail Space Derbyshire Nottingham Station Road, Nottingham NG10 1GL

Investment Highlights

  • Comprises ground floor retail shop t/a cafe
  • Well connected high street with on street parking and bus stops close by
  • Occupiers close by include Argos, Aldi and a number of local shops, restaurants/takeaways and convenience store

Executive Summary

The shop is at present let to an Individual (with personal guarantor) for a term of 6 Years 11 Months from 20th December 2023 at a current rent of £7,280 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine in December 2027 with min 6 months notice. Rent review inDecember 2026 open market upward only. Deposit held of £1,220.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
800 SF
Year Built
1945
Price
$86,332
Price Per SF
$108
Cap Rate
10.40%
NOI
$8,979
Percent Leased
100%
Building Height
1 Story

Links

 

  • Listing ID: 30515060

  • Date on Market: 1/3/2024

  • Last Updated:

  • Address: Station Road, Nottingham NG10 1GL

The Retail Property at Station Road, Nottingham, NG10 1GL is currently available for sale. Contact Blue Alpine Partners Ltd for more information.

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