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Fletcher Gate
Nottingham NG1 1QQ

One · Retail Property For Sale

Retail Space Nottinghamshire Nottingham Fletcher Gate, Nottingham, NTT NG1 1QQ

Investment Highlights

  • Prime leisure investment opportunity with annual fixed uplifts
  • The property occupies a highly prominent position within the heart of the famous Lace Market
  • Immediately adjacent to a number of major tram stops serving the city’s urban area

Executive Summary

We have been instructed to seek offers in excess of £1,725,000 (One Million Seven Hundred and Twenty Five Thousand Pounds). A purchase at this level would reflect a net initial yield of 8.75%, assuming standard purchaser costs.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
18,351 SF
Building Class
B
Year Built
2004
Price
$1,894,418
Price Per SF
$103
Cap Rate
10.06%
NOI
$190,626
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Building FAR
0.46
Lot Size
0.91 AC

Amenities

  • Bus Line
  • Storage Space
  • Air Conditioning
 

  • Listing ID: 27961622

  • Date on Market: 3/13/2023

  • Last Updated:

  • Address: Fletcher Gate, Nottingham NG1 1QQ

The Retail Property at Fletcher Gate, Nottingham, NG1 1QQ is currently available for sale. Contact FMX Urban Property Advisors for more information.

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