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1-3C Tamworth Rd, Nottingham

Office for sale

£1,500,000 9,513 sq ft

FHP Property Consultants
Highlights
  • Two ground floor shops let on leases expiring in 2027 and 2029 producing £44,800 p.a. – no breaks
  • Lease to Nationwide Building Society for 10 years, expiring 2029
  • First and second floors comprise 12 newly converted, let, apartments, producing £72,900 p.a.
  • Each flat held on a 125 ground lease at a peppercorn
  • Offers invited at £1,500,000 to show a gross yield of 7.84% before costs
Property type

Office for sale Search all

Full address
1-3C Tamworth Rd, Nottingham NG10 1JE – Nottingham
Asking price
£1,500,000
Available space range
There is 1 space available. This measures 9,513 sq ft.
Features
Security system, Storage space
Brochure
Download the brochure

Sale details

Sale unit 4045765 Available

9,513 sq ft, £157.68 per sq ft, available now

Unit Sale unit 4045765
Address 1-3C Tamworth Rd, Nottingham, Nottinghamshire, NG10 1JE, GB
Size 9,513 sq ft
Price £1,500,000
Price per unit £157.68 per sq ft
  • Offers are invited at £1,500,000 to show an initial yield of 7.84% before costs.
  • Freehold, subject to the existing tenancies.
  • The 12 flats are all let and have 10 year warrantees.
  • Each flat is held on a 125 year ground lease at a peppercorn.
  • The legal entity has been set up for long term investment or break up.
  • Each part (commercial or residential can be sold separately.
  • Full details will be given upon application.
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for 1-3C Tamworth Rd, Nottingham

The property comprises a substantial building with accommodation arranged over ground and two upper floors originally constructed as a department store many years ago. The ground floor now consists of 2 retail units, one of which is occupied by The Nationwide Building Society who have been in occupation for many years and the other unit has been let to Living the Bream Ltd t/a Cod and Scallops. The first and second floors now consist of 12 self contained, mainly one bedroom apartments. The building has been subject to extensive works of refurbishment / reconfiguration and upgrading and is now in excellent condition. The upper floor accommodation is approached via a separate side access from Tamworth Road.

Number of storeys
3
Rentable building area
9,513 sq ft
Year built
1978
Year renovated
1994
Utilities
Lighting - Fluorescent
Parking
Covered tandem, Surface, Reserved, Surface tandem, Covered

Attachments

PDF #1 Marketing brochure/flyer Download
PDF #2 Marketing brochure/flyer Download
PDF #3 Marketing brochure/flyer Download

This office for sale is located in Nottingham.

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Meet the team

FHP Property Consultants

  • A profile photo of Noel Roper Noel Roper
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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to FHP Property Consultants. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact FHP Property Consultants for full details and further information.