Asset class: Office
Size: 30,333 sq.ft.
Site area: 1.052 acres
Income per annum: £365,000
NIY: 7.7%
Cap Val: £146 per sq.ft.
Purchase price: £4.4m
Adjacent to the established Victoria shopping centre, the asset comprises two- and three-storey open plan office accommodation.
The first building has recently undergone a £1.25 million refurbishment and is currently let to two tenants: Leicestershire, Nottingham and Rutland Community Rehabilitation Company Ltd, and Nottingham University. The second is let in its entirety to the Secretary of State for Communities and Local Government. The site totals approximately 1.052 acres with 46 onsite parking spaces.
