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
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%.