Single let HQ Office

Single let HQ Office

Nottingham, United Kingdom

70%

£4.500.000

Office

Core

18 Oct 2021

#11731

Property Details

31,802 sq.ft.

2,954 m²

Leasable area

141 £/sq.ft.

1,523 £/m²

8.45 %

1

Leasehold

96

For sale

Authorized representative

X

Fees

0.00 %

0.50 %

0.00 %

0.00 %

0.50 %

Investment Overview

Modern single let office building on fringe of Nottingham city centre. Let to a strong single tenant on a 10 year lease from 11th September 2017. The property comprises a detached business park style office on a self-contained site. The building is arranged predominantly over ground and first floors with a small additional second floor. Approximately £2,500,000 was spent on refurbishing the building a few years ago. The property is held part long leasehold and part freehold. The long leasehold element is held on a 125 year term from 6 March 1992 at a peppercorn rent.