Broadway & St Mary’s Gate

Location

Broadway & St Mary's Gate
Lace Market
Nottingham
Notts
NG1 1PS

Size

31802 sq ft (2954.50 sq m)

Price

£4,000,000

A unique opportunity to acquire a substantial portfolio in the heart of The Lace Market, Nottingham. A substantial freehold available for 1st time in over 40 years. Extending to 31,802 sq ft / 46,164 sqft on a GIA basis. Rental income of £345,004* per annum (*once 'under offer' suite lease completed) providing a low average rent of £13 psf. Reversionary rent of £476,700 per annum once estimated rental values established. Weighted Average Unexpired Lease Term of 2 years 5 months to expiry, 1 year to break. Let to a strong tenant line up including Stagemount, Pulse, Learning Pool and Rodgers Leask . The property would also be suitable for alternative uses such as residential, subject to the requisite consents

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