The Hub, Friar Lane, Nottingham, NG1 6DQ

Description
The Hub comprises a seven storey primarily office building, built of steel frame construction with curtain wall glazing providing stunning views of the City.
The building has undergone a substantial refurbishment to provide good quality office accommodation served by a concierge, with both stair access and a two person passenger lift.
Additionally there is onsite car parking provisions.
Internally, the offices are fitted out with the following specifications:
Air conditioning
Suspended ceilings with inset lighting
Fully carpeted
IT and WI-FI connectivity
Dedicated kitchen facilities
WC's in common areas on each floor
Refurbished roof terrace to provide outside relaxation space

Location
The property is centrally located at the heart of the city centre.
Friar Lane being the interconnecting road between the Old Market Square and Maid Marion Way
In close proximity to Nottingham’s train station and the retail core of the city’s main amenities.

Planning
We understand that the property benefits from its permitted use under Use Class E of The Town and Country Planning (Use Classes) Order 1987 (as amended).
The property is not listed nor does it lie within the Old Market Square conservation area.

Proposal
Offers are sought in excess of £5,000,000 (Five Million Pounds) for the freehold interest, subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 8.88% and reversionary yield of 9.16%, once the property is fully let and ERV’s achieved. The price represents a low capital value of £149.00 per sq ft.