Retail premises in the six-storey building.
Description
Total area of the retail property is 17,743 m²
Property occupies four stories of the building, from the ground floor to the third floor.
Floors of the building are connected by escalators.
Type of ownership: Freehold.
Financial performance
Absolute annual income is 1,436,877 £.
The current yield of 6%.
Tenants
The tenant is large clothing store chain.
The lease agreement is valid through 2040.
The agreement stipulates the rental payment indexation by 3% annualy thorugh 2020 and subsequent revaluation every 5 years.
Location and nearby infrastructure
Property situated in the central part of Nottingham, on the shopping street with high pedestrian traffic. There are restaurants, a theatre, hotels and public transport stops located close to the building.
