2 Central Park, Lenton Lane, Nottingham, NG7 2NR
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£2,600,000
Nov 2014
Franck-Steier Price Ltd (FSP) has recently completed the acquisition of this high yielding office investment on the outskirts of Nottingham.
The offices are located on Lenton Lane south of the city centre. The offices extend to 30,438 sqft over three floors with 121 car spaces (1:236 sqft) on site.
The property is let to DSG Retail Ltd until August 2017 at a passing rent of £375,000 per annum (£12.32 per sqft). The tenant is not in occupation.
Acting on behalf of M7 REIP the investment was bought for £2,600,000.
The purchase reflected an initial yield of 13.63% and a capital value of £85 per sqft. LSH represented the vendor.
