12 Queens Bridge Rd - Warehouse FOR SALE


Nottingham, NTT NG2 1NB
$950,000 USD
12 Queens Bridge Rd, Nottingham, NTT for Sale
$950,000 USD
Warehouse - FOR SALE
1/4
null | 6.49% Cap Rate

12 Queens Bridge Rd
Nottingham, NTT NG2 1NB


HIGHLIGHTS

  • Prominent landmark building situated in Nottingham City Centre
  • Frontage to both Traffic Street and Queensbridge Road/Sheriffs Way
  • Potential redevelopment of the site or reuse of the existing building should the existing tenant vacate

OVERVIEW

Currently let and occupied by Castle Rock Brewery producing £52,099 Per Annumwith an outstanding Rent Review (March 2022). Current passing rent reflects £2.30/ ft2 with reversionary growth possible. • Potential redevelopment of the site or reuse of the existing building should the existing tenant vacate. • For Sale subject to the existing leases to Castle Rock Brewery and telecommunications agreement. In addition to the above, there is a third lease relating to a Telecommnications mast fitted to the tower block. The lease is for 15 years from 2nd December 2011 and will expire 1st December 2026. There is a rent payable of £9,550 Per Annum which is reviewed every 5th year anniversary. This lease is made between Floor Maintenance Services Holding Limited (Landlord), Tynemill Limited (Tenant) and T-Mobile Limited (Licensee); we understand that Tynemill receive the whole rent as part of this agreement.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

6.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

3

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.36

LAND SF

15,893

ZONING

-

APN/PARCEL ID

NT368638

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Jasper CaudwellPygott & CroneMore Info

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Jasper CaudwellPygott & CroneMore Info

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