A large retail unit in the greater Nottingham area has gone on the market. The leasehold of the building in Nuthall Road, Aspley, has gone on the market for £1.3m and is described as a "substantial retail investment" by property agents Bond Wolfe.
Commodore Court includes a prominent corner ground floor unit at Unit 1, Nuthall Road, offering a total of 8,159 sq ft.
A spokesperson for Bond Wolfe said: "The property is let in its entirety to Community Health and Eyecare Ltd for 10 years from June 2021 at a passing rent of £89,749 per annum, with a rent review and break clause in June 2026.
"Bond Wolfe is seeking offers based on £1.3 million plus VAT for the long leasehold interest. A purchase at this level would reflect a net initial yield of 6.51%, after purchaser’s costs of 5.99%."
James Mattin, managing director (agency) at Bond Wolfe, said: “Community Health and Eyecare Ltd is an NHS provider and Unit 1 is the predominant unit of the wider 15,039 sq ft Commodore Court scheme, with other neighbouring occupiers including Barnardo’s.”
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