Key Information
- Fully let providing a rent of £316,462 pa
- Extending to 20,639 sq ft across basement, ground and 3 upper floors
- £3,300,000.00 reflecting a 9% NIY
Prominent modern multi let office investment located in the historic Castle Quarter, Nottingham's traditional professional district. Prominent modern multi let office building located in Nottingham's central business district with exposure to Maid Marian Way. Extending to 20,639 sq ft arranged over basement, ground and four upper floors. Let to four strong national covenants providing a WAULT of 2.3 years to break and 2.8 years to expiry. Close to city centre transport links and amenities. Offers ideal medium to long term asset management opportunity
Location
The property is located within the historic Castle Quarter the traditional professional district of the city situated on the western edge of the city centre and links directly to Maid Marian Way and Old Market Square. The property enjoys a prominent corner position on Park Row and East Circus Street and is a few minutes walk from the city centres principal retailing and leisure amenities including Old Market Square and Victoria Shopping Centre. Surrounding occupiers include many national and International professional service organisations such as Freeths Cartwright LLP, Turner & Townsend, Potter Clarkson LLP, Coutts & Co and Now Pensions along with the Playhouse Theatre, Albert Hall Conference Centre, and Browns Brasserie. The property benefits from excellent transport links with Nottingham NET Tram system and with several bus routes running along Friar Lane and Fletcher Gate.
EPC
Excellent ESG credentials with an EPC C rating