SOLD Land at Castle Marina, Castle Bridge Road, Nottingham NG7 1GX


SOLD Land at Castle Marina, Castle Bridge Road, Nottingham NG7 1GX

Prominently located on the Caste Bridge Road, off the A6005, close to Nottingham city centre.

Surfaced carpark extending to approximately 0.16 hectares (0.4 acres).

Let to Whitbread Group Plc for a term of 99 years from 30th January 1998 with in excess of 80 years unexpired.

Low passing rent of £29,307.50 per annum.

Attractive upward only 5 yearly rent reviews to the Retail Price Index uncapped.  The next review being the 30th January 2018.

The rent has increased by 54.25% since the start of the lease amounting to 2.437% annualised growth, with continued growth anticipated throughout the remaining term

Freehold.

Offers invited in excess of £450,000 (Four Hundred & Fifty Thousand Pounds) subject to contact and exclusive of VAT.  A purchase at this level reflects an attractive net initial yield of 6.23% after applying Purchasers’ costs of 4.48%.

No ACF gallery field data found

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