Summary - 10 BROADWAY NOTTINGHAM NG1 1PS
1 bed 1 bath Commercial Property
**Standout Features:**
- Large commercial space: 17,014 sq ft NIA, 21,393 sq ft GIA.
- Excellent rental income of £154,840 pa at a low average rent of £12.53 psf.
- Historic charm with Grade II listed architecture, including arched windows and intricate stonework.
- Five-story building with modern office accommodations and passenger lift.
- Versatile layout offering potential for varied office configurations or alternative commercial uses.
- Desirable Lace Market location with vibrant urban amenities.
**Summary:**
Welcome to The Birkin Building—a rare opportunity for investors seeking a blend of historical charm and modern investment potential in Nottingham's thriving Lace Market. This substantial five-story brick structure, dating back to the mid-1800s, boasts a unique L-shape design that captures the essence of its heritage while providing ample workspace illuminated by natural light. Featuring a mix of quality office configurations, many with contemporary fit-outs, this property is designed to meet the demands of diverse businesses.
The current rental income of £154,840 per annum reflects a low average rent, offering a competitive net initial yield of 7.88% with potential for increased returns through strategic management and potential renovations. Its prime location not only ensures access to a vibrant cosmopolitan setting but also places it within a supportive community of professionals and students, making it an attractive option for potential tenants.
While the urban setting may limit external views, the property’s generous size and historic character present significant adaptability for future enhancements. Don’t miss this unique opportunity to own a piece of Nottingham’s architectural history while securing a lucrative investment in the heart of the city. Act now to capitalize on this impressive property before it’s off the market!
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