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12 Queens Bridge Rd 22,638 SF Industrial Building Nottingham NG2 1NB $1,766,917 CAD ($78.05 CAD/SF) 6.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominent landmark building situated in Nottingham City Centre
- Potential redevelopment of the site or reuse of the existing building should the existing tenant vacate
- Frontage to both Traffic Street and Queensbridge Road/Sheriffs Way
EXECUTIVE SUMMARY
Currently let and occupied by Castle Rock Brewery producing £52,099 Per Annumwith an outstanding Rent Review (March
2022). Current passing rent reflects £2.30/ ft2 with reversionary growth possible.
• Potential redevelopment of the site or reuse of the existing building should the existing tenant vacate.
• For Sale subject to the existing leases to Castle Rock Brewery and telecommunications agreement.
In addition to the above, there is a third lease
relating to a Telecommnications mast fitted
to the tower block. The lease is for 15 years
from 2nd December 2011 and will expire
1st December 2026. There is a rent payable
of £9,550 Per Annum which is reviewed
every 5th year anniversary. This lease is
made between Floor Maintenance Services
Holding Limited (Landlord), Tynemill Limited
(Tenant) and T-Mobile Limited (Licensee); we
understand that Tynemill receive the whole
rent as part of this agreement.
2022). Current passing rent reflects £2.30/ ft2 with reversionary growth possible.
• Potential redevelopment of the site or reuse of the existing building should the existing tenant vacate.
• For Sale subject to the existing leases to Castle Rock Brewery and telecommunications agreement.
In addition to the above, there is a third lease
relating to a Telecommnications mast fitted
to the tower block. The lease is for 15 years
from 2nd December 2011 and will expire
1st December 2026. There is a rent payable
of £9,550 Per Annum which is reviewed
every 5th year anniversary. This lease is
made between Floor Maintenance Services
Holding Limited (Landlord), Tynemill Limited
(Tenant) and T-Mobile Limited (Licensee); we
understand that Tynemill receive the whole
rent as part of this agreement.
PROPERTY FACTS Sale Pending
| Price | $1,766,917 CAD | Building Class | C |
| Price Per SF | $78.05 CAD | Lot Size | 0.36 AC |
| Sale Type | Investment | Rentable Building Area | 22,638 SF |
| Cap Rate | 6.49% | No. Stories | 3 |
| Tenure | Freehold | Year Built | 1890 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Price | $1,766,917 CAD |
| Price Per SF | $78.05 CAD |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.36 AC |
| Rentable Building Area | 22,638 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 3 |
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12 Queens Bridge Rd
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