278-290 Huntingdon St - Office FOR SALE


Nottingham, NTT NG1 3NA
$2,300,000 USD
115-697-2391
278-290 Huntingdon St, Nottingham, NTT for Sale
$2,300,000 USD
Office - FOR SALE
1/26
null | Request Cap Rate

278-290 Huntingdon St
Nottingham, NTT NG1 3NA


HIGHLIGHTS

  • Prominent mixed-use investment within Nottingham City Centre
  • Gross rental income of £297,886 P.A.X. (ERV of £430,113 P.A.X.)
  • Change of use and redevelopment potential S.T.P.
  • Adjacent to student and residential developments

OVERVIEW

Offers in excess of £2.3m invited. The property is prominently situated on the A60 Huntingdon Street, the main throughfare through Nottingham City Centre, connecting West Bridgford to the south with Mansfield to the north. The property is adjacent to the Victoria Centre and less than a 10-minute walk from Nottingham Trent University, Nottingham College, and the Motorpoint Arena. The University of Nottingham is approximately 20-minutes by tram from the property. The main city centre retail and leisure amenities are a short walk west of the property. The immediate area comprises mixed-use property, but high demand for student and residential accommodation within Nottingham City Centre is driving change of use development. The property comprises a three-storey mixed-use investment providing multi-let retail and serviced office accommodation, with covered car park to the rear. The Ushaped property is of concrete and traditional masonry construction beneath a flat and pitched steel framed roof. The property occupies a highly prominent position on the A60 Huntingdon Street within walking distance of Nottingham City Centre. There are four self-contained retail units at ground floor level, each with multiple glazed frontages overlooking Huntingdon Street and return frontages onto Rick Street and Kent Street. There is a car park to the rear providing 14 covered spaces, with two roller shutter vehicular access points off Rick Street and Kent Street. The first and second floors provide a mix of open plan and cellular office accommodation, currently operated as a serviced business centre. The office specification generally comprises carpeted floors, painted and plastered walls, perimeter trunking, suspended ceilings, gas fired central heating and air conditioning. The accommodation benefits from a good level of natural light via extensive casement windows. The property is held long leasehold on a 125-year lease commencing 20 August 1997 at a peppercorn rent. Title documents and a copy of the lease are available within the Marketing Pack. The freehold interest is held by Nottingham City Council. We understand Nottingham City Council are open to discussions regarding the sale of their freehold interest. Interested parties should rely upon their own enquiries.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huntingdon House

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

0

APN/PARCEL ID

NT321627,NT471530

ASK ABOUT THIS PROPERTY

Ben HolyheadWatling Real EstateMore Info
115-697-2391

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Ben HolyheadWatling Real EstateMore Info
115-697-2391

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.