30 Woolpack Lane, The Lace Market, NG1 1GA
£97.96 per sq. ft.
Business rates & charges may apply
- SIZE AVAILABLE
- 15,823 sq. ft.
(1,470 sq. m.)
- SECTOR
- Office for sale
- USE CLASS Use class orders: Class E
- E
Key features
- Freehold multi let office investment opportunity.
- 1,470 sq m (15,823 sq ft) excluding substantial basement.
- Total passing rent of £89,507 PA.
- Site area 0.27 acres.
- 10 on-site car parking spaces.
- Medium term conversion or development opportunity (subject to planning) for alternative uses such as Residential or PBSA.
Property description
INVESTMENT SUMMARY
- Freehold, multi let office investment situated in the Lace Market in Nottingham city centre
- Period, Former Mill building built in 1871
- Rare, unbroken block with a variety of asset management opportunities
- Arranged over basement, ground and four upper floors
- Total accommodation of 1,470 sq m (15,823 sq ft) excluding full cover basement
- 10 on site car parking spaces
- 66% occupied to a range of occupiers with an average unexpired lease term of three years
- Total passing rent of £89,507.65 per annum
- Opportunity to reposition the building or consider conversion to residential, subject to planning.
- Medium term development opportunity (subject to planning) for alternative uses such as PBSA
- Site area of 0.27 acres
- The property is held freehold.
We are instructed to seek offers in excess of £1,550,000, subject to contract and exclusive of VAT. Assuming purchaser's costs of 6.12%, this reflects the following:-
- Net Initial Yield: 5.44%
- Capital Value: £98.00 per sq ft
CLICK LINK BELOW FOR BROCHURE
Brochures
30 Woolpack Lane, The Lace Market, NG1 1GA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lace Market Tram Stop0.2 miles
- Old Market Square Tram Stop0.4 miles
- Royal Centre Tram Stop0.5 miles
heb Property Consultants are one of the region’s leading practices of Chartered Surveyors that specialise in all aspects of commercial property. We are a multi-discipline consultancy and our clients range from corporate companies and pension funds to small property trusts and individuals, we also provide various services to local authorities and charities.
Our ethos is based around core principles of strong communication with our clients, partner led services and a commitment to both cr
Notes
Disclaimer - Property reference 30-Woolpack-Lane. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by HEB Property Consultants, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
Map data ©OpenStreetMap contributors.