8 Stanford St - Office FOR SALE


Nottingham, NTT NG1 7BQ
$4,000,000 USD
8 Stanford St, Nottingham, NTT for Sale
$4,000,000 USD
Office - FOR SALE
1/11
null | 7.45% Cap Rate

8 Stanford St
Nottingham, NTT NG1 7BQ


HIGHLIGHTS

  • Pennine House is a mid-nineteenth century built warehouse subsequently converted and currently used as office accommodation
  • The property underwent extensive refurbishment to include an extension of part of the rear elevation and relocation of the lift shaft
  • To the rear of the building accessed from Stanford Street is a surface carpark providing 59 on-site parking spaces.

OVERVIEW

Offers are invited in excess of £4,000,000 (four million pounds) reflecting a net initial yield of 7.45% having allowed 6.54% purchaser costs.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,936 SF

ZONING

-

APN/PARCEL ID

NT191372

ASK ABOUT THIS PROPERTY

Richard SuttonNG Chartered SurveyorsMore Info

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Richard SuttonNG Chartered SurveyorsMore Info

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