16-18 Pelham Street, Nottingham

Investment - Sold

16-18 Pelham Street, Nottingham

Price

£1,700,000

Rent

£135,000 pa

Description

The property is let to Moss Bros Group plc on a 15 year full repairing and insuring lease from 12th September 2005 subject to 5 yearly upward only rent reviews. The property is prominently situated on the pedestrianised section of Pelham Street at the junction of High Street and Clumber Street two of the prime retail pitches within the city centre. Multiple retailers in close proximity include Zara, Space NK, All Saints and Santander. The pitch offers a significant discount compared to Clumber Street.

Net Initial Yield

7.5%

Contact Us

Contact one of the team at KLM Retail

Call us on +44 (0)20 7317 3700