High Street property in Nottingham purchased for £5.85 million
12 April 2008
There is scope for future redevelopment
Private clients of King Sturge have purchased the freehold interest in 2 High Street, Nottingham, from British Land.
The property is let to Barclays Bank PLC on a lease expiring in March 2016 at a current rent of £295,000 pa.
The purchase price of £5.85 million reflects a NIY of 4.85%.
The property includes a rear car park and a high proportion of unused floor space which provides scope for future redevelopment.
