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Faradays 44-48 Pelham St

10,262 SF Retail Building Nottingham NG1 2EW $2,613,573 CAD ($255 CAD/SF)

Investment Highlights

  • Recent tenant investment of £315,000
  • Faradays is situated in the heart of the leisure circuit in Nottingham with nearby operators including Be at One, Cosy Club & Lloyds No.1 Bar
  • Let to the UK’s largest pub company, Stonegate Group, until 2045

Executive Summary

The four storey semi detached building is arranged over ground, basement, first, second and third floors with exposed brick elevations beneath a flat roof.
Offers in excess of £1,450,000 which reflects a Net Initial Yield of 8.1% NIY based upon the topped up rent of £124,101 per annum and standard purchasers costs. The February 2025 rent may be subject to change in an upwards or downwards direction subject to the RPI data published in February 2025. On the assumption that RPI in February 2025 is 3.0% the passing rent will be £124,101 per annum based on the below RPI data:
2021 1.4%
2022 4.0%
2023 4.0%
2024 4.0%
2025 3.0%*
*Assumed RPI

Property Facts Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
10,262 SF
Building Class
B
Year Built
1885
Price
$2,613,573 CAD
Price Per SF
$255 CAD
Tenancy
Single
Building Height
4 Stories
Building FAR
4.71
Lot Size
0.05 AC
Frontage
84 ft on Pelham Street

Amenities

  • Bus Line
  • Security System
  • Storage Space

Nearby Major Retailers

All Bar One
YO!
Sainsbury's
Caffe Nero
Virgin Money
Coventry Building Society
Pho
Whittard of Chelsea
HSBC
Cosy Club
  • Listing ID: 33281624

  • Date on Market: 2024-09-24

  • Last Updated:

  • Address: 44-48 Pelham St, Nottingham NG1 2EW

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