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30 Woolpack Lane, The Lace Market, NG1 1GA

Offers in Excess of

£97.96 per sq. ft.

Business rates & charges may apply

HEB Property Consultants, Nottingham
15,823 sq. ft.

(1,470 sq. m.)

Office for sale
Use class orders: Class 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



- 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



30 Woolpack Lane, The Lace Market, NG1 1GA


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

About HEB Property Consultants, Nottingham

Apex Business Park Wilford, Nottingham, NG11 7DD

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

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Disclaimer - Property reference 30-Woolpack-Lane. The information displayed about this property comprises a property advertisement. 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.

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