303-321 Main St, Nottingham, Nottinghamshire, NG6 8ED, GB
8,124 sq ft
Price per unit
£49.24 per sq ft
Accommodation: 754.75 sq m (8,124 sq ft).
Occupational lease: the property is let on a full repairing and insuring lease to nottingham van sales ltd at a rent £30,000 per annum, from 26 nov 2018 until 25 nov 2021..
The lease is contracted out of the landlord and tenant act and there is a landlord only break in may 2020..
Price: the property is available to buy at a level of:- £400,000 which equates to a net initial yield of 7.2% when allowing for purchaser’s costs at 4.18%.
Planning: a1 retail.
Net income yield
Net operating income
More building details
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Property facts for 303-321 Main St, Nottingham
The opportunity lies in Bulwell which is approximately 2.5 miles from Nottingham city centre and has a population of c.16,500 people as of the 2011 census.
The subject site comprises 0.28 acres situated directly opposite the new LIDL and existing Tesco Extra store on Main Street, Bulwell.
The property is split into two distinct parts, the first part is a single storey open plan showroom with pitched roof and return frontage glazing to Merchant Street.
The second part which is interconnected to the first, comprises a brick-built showroom with rear stores and loading underneath a flat roof.
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