Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

September 2019

2 Central Park Lenton Lane, Nottingham, NG7 2NR

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The property comprises a wholly refurbished single let office building on the edge of Nottingham city centre.  The property extends to 31,802 sq.ft over three floors with 121 external car parking spaces (low car parking ratio of 1:262 sq.ft).  Let to Siemens plc on a 10 years lease from 11 September 2017 (tenant break option in September 2022).  Current passing rent of £397,522 per annum (low rent of £12.50 per sq.ft).  Offers sought in excess of £5,000,000 which reflects a net initial yield of 7.50%.