Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment opportunity situated on a prime, high footfall, street.
The property is fully let to Nottingham Mobile Solutions on a new 10 year lease expiring 14/07/2034 with no breaks and paying £24,000 per annum.
The property occupies a prime pitch on Upper Parliament Street, one of the principal retail streets in Nottingham Town Centre. The area is characterised by a a number of national an boutique occupiers including McDonalds, Sainsburys, KFC and Wagamama. The Victoria Centre is opposite the property which is anchored by John Lewis and House of Fraser.
Tenure
Long Leasehold - 999 Year Lease at Peppercorn Rent - Please Consult the Legal Pack
Tenancy
The property is let to Nottingham Mobile Solutions on a new 10 year lease expiring 14/07/2034 with no breaks and paying £24,000 per annum.
We understand a rent deposit of £12,000 plus VAT is held.
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale can be treated as a Transfer of a Going Concern (TOGC).