The Birkin Building, 8 Broadway, Nottingham, NG1 1PS

Location

The property is five storeys high, brick constructed and dates back to the original Lace Market development, constructed in the mid-1800's.

This is broadly an L-shape as it follows the curve and realignment of Broadway as it runs down to Stoney Street. This element provides two impressive entrances constructed from stone with bays above and also within the eastern most element is a decorative archway. The building also
benefits from a passenger lift.

Internally the property provides a variety of good quality office accommodation benefitting from ample natural light, with most offices benefitting from more recent fit outs but generally include perimeter trunking, good quality lighting and heating, as well as toilet and kitchen facilities.

Summary

Key points

• NIA: 17,014 sq ft GIA: 21,393 sq ft
• Rental income of £154,840 pa providing a low average rent of £12.53 psf
• Net initial yield of 7.88% and reversionary yield of 11.71%

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