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Alan House 3-9 Clumber St

31,195 SF 85% Leased Office Building Nottingham NG1 3ED $8,666,155 ($278/SF) 10% Cap Rate

Executive Summary

Prime freehold mixed use regional investment for sale. Seeking offers in excess of £7,000,000, which reflects a net initial yield of 10% after allowing for standard purchasing costs. The price would reflect a capital value of £220 per sq ft.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
31,195 SF
Building Class
B
Year Built/Renovated
1957/1985
Price
$8,666,155
Price Per SF
$278
Cap Rate
10%
NOI
$866,616
Percent Leased
85%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
4,456 SF
Slab To Slab
8’
Building FAR
0.76
Lot Size
0.94 AC

Amenities

  • 24 Hour Access
  • Controlled Access
  • Energy Performance Rating - D
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 4th Floor
  • 4,609 SF
  • Office
  • Partial Build-Out
  • Now

The property comprises an open plan fourth floor office suite, split floor plate opportunities are also available, with excellent views over the city of Nottingham. The space provides an open plan layout with the following specification: suspended ceiling incorporating Cat 2 lighting, air conditioning throughout, trunking incorporating Cat 5 cabling, carpet tiles throughout, recently refurbished communal entrance areas, lift to all floors, refurbished WC facilities and kitchenette.

Space Size Space Use Condition Available
4th Floor 4,609 SF Office Partial Build-Out Now

4th Floor

Size
4,609 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

4th Floor

Size 4,609 SF
Space Use Office
Condition Partial Build-Out
Available Now

The property comprises an open plan fourth floor office suite, split floor plate opportunities are also available, with excellent views over the city of Nottingham. The space provides an open plan layout with the following specification: suspended ceiling incorporating Cat 2 lighting, air conditioning throughout, trunking incorporating Cat 5 cabling, carpet tiles throughout, recently refurbished communal entrance areas, lift to all floors, refurbished WC facilities and kitchenette.

  • Listing ID: 33592398

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 3-9 Clumber St, Nottingham NG1 3ED

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