Commercial Properties For Sale in Lace Market, Nottingham, Nottinghamshire
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Single let leisure investment situated in the heart of Hockley. Fully let to RO RO RI Ltd trading as Pogo. Rent passing of £30,000 PA. Unexpired lease term of 3 years. Quoting price of £350,000 reflects a net initial yield of 8.26% assuming purchaser's costs of 3.80%.
- Single let leisure investment situated in the heart of Hockley.
- Fully let to RO RO RI Limited trading as Pogo.
- Rent passing of £30,000 per annum.
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The property is five storeys high, brick constructed and dates back to the original Lace Market development, constructed in the mid-1800's. This is broadly an L-shape as it follows the curve and realignment of Broadway as it runs down to Stoney Street. This element provides two impressive entrances constructed from stone with bays above and also within the eastern most element is a decorative archway. The building also benefits from a passenger lift. Internally the property provides a variety of good quality office accommodation benefitting from ample natural light, with most offices benefitting from more recent fit outs but generally include perimeter trunking, good quality lighting and heating, as well as toilet and kitchen facilities.
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Unique opportunity to acquire the freehold investment of the award winning Hockley Arts Club bar/restaurant. Fully let to Nonagon Limited (Experian score 89), part of Fletchergate Industries who operate 9 highly regarded bars across Nottingham, at a rent of £56,723 pa. Licenced for opening between 9am and 3am seven days a week.
|1/9Single let leisure investment situated in the heart of Hockley. Fully let to RO RO RI Ltd trading as Pogo. Rent passing of £30,000 PA. Unexpired lease term of 3 years. Quoting price of £350,000 reflects a net initial yield of 8.26% assuming purchaser's costs of 3.80%.
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Overview This is a rare opportunity to acquire a long-established and highly regarded hair and beauty business located in Nottinghamshire, with a trading history spanning more than two decades. The business has built an enviable local reputation, a loyal repeat customer base and a fully equipped premises supporting both hair and beauty services, making it an immediately operational acquisition for the right buyer. The business operates across two complementary divisions, comprising a busy hair
