Saltbox, The Ice House Bolero Square

Location

Bolero Square
Nottingham
NG1 1JU

Size

6790 sq ft (630.81 sq m)

Price

£915,000

A ground floor bar and restaurant with further accommodation at mezzanine level with rear servicing and a front patio for outside customer seating. Seeking offers in excess of £915,000, which reflects a net initial yield of 6.2% and with the minimum uplift in October 2021 to a rent of £70,000, a reversionary yield of 7.25%. Equivalent yield of 7% and Equivalent Yield Quarterly in Advance of 7.3%. 998 year lease at a peppercorn rent. Underlet to October 2036 at commencing rent of £60,000

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