Goose Gate, Nottingham, NG1 1FF

Marketed by Brad Thompson, powered by eXp. Please quote agent code BT1679 when enquiring.

60 GOOSE GATE, HOCKLEY, NOTTINGHAM

An opportunity to acquire a freehold, four-storey commercial investment in the heart of Hockley, one of Nottingham city centre’s established shopping, leisure and independent business districts.

The property comprises four occupied commercial units, with the supplied tenancy breakdown showing a combined annual rent of £43,000. At the asking price of £425,000, this equates to a gross rental yield of approximately 10.12%, before acquisition costs, operating expenses and any periods of vacancy.

ACCOMMODATION & RENTAL INCOME

Ground floor — B&G Off Licence
Stated rent: £18,000 per annum.

First floor — Cardio Boxfit
Stated rent: £10,000 per annum.

Second floor — tattoo business
Stated rent: £7,500 per annum.

Third floor — Luna Nails
Stated rent: £7,500 per annum.

Total stated annual rental income: £43,000.

HOCKLEY CITY CENTRE LOCATION

Positioned on Goose Gate, the property benefits from a central location close to Hockley’s independent shops, cafés, bars and restaurants, with a wide range of city centre amenities within walking distance.

Lace Market tram stop is nearby, providing convenient access to Nottingham’s tram network. The Motorpoint Arena, National Ice Centre and Nottingham Trent University’s city campus are also within easy reach.

INVESTMENT POTENTIAL

The combination of freehold ownership, four commercial lettings and a central Nottingham location makes this an opportunity for investors seeking income from multiple occupiers within a single building.

There may also be scope for future reconfiguration or development, subject to the existing leases, necessary planning permission and all other required consents. No development consent is implied.

Further tenancy information and viewing arrangements are available on request. Rental income and tenancy terms should be verified against the lease documentation.

YOUR PERSONAL ESTATE AGENT — BRAD THOMPSON

This property is marketed by Brad Thompson, your personal estate agent, powered by eXp.

For further information, to arrange a viewing or to discuss selling your own property, please get in touch and ask for Brad. Please quote agent code BT1679 so your enquiry can be directed to me.