Nottingham Ng1 2Nx
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UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE NOTTINGHAM NG1 2NX MULTI-LET RETAIL INVESTMENT WITH REDEVELOPMENT POTENTIAL UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE NOTTINGHAM NOTTINGHAM INVESTMENT CONSIDERATIONS INVESTMENT CONSIDERATIONS ♦ Nottingham is a historic city and the regional capital of the ♦ Passing Rent of £521,750 p.a., reflecting a maximum Zone A PROPOSAL East Midlands level of only £116 psf Offers in excess of£5,200,000 (Five Million, Two Hundred Thousand Pounds), ♦ Prominently situated in the heart of Nottingham City Centre ♦ Average unexpired term of 7.8 years (4.4 years to breaks) subject to contract and exclusive of VAT. A purchase at this level reflects on a high-footfall pedestrianised High Street ♦ October 2020 lease renewal completed with several a Net Initial Yield of 9.4%, subject to standard purchaser’s costs. ♦ A parade of seven self-contained units totalling 1,855.9 sq m ongoing asset management initiatives (19,977 sq ft) ♦ Medium term and significant re-development potential DATA ROOM ♦ Fully occupied with 78% of income secured to desirable national to alternative uses, in particular residential, subject to brands including Burger King, Co-Operative Bank, C.E.X. necessary consents For access to the Allsop Marketing Data Room, please refer to the following link: and Card Factory ♦ Freehold https://datarooms.allsop.co.uk/register/exchangewalk UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE NOTTINGHAM NOTTINGHAM NOTTINGHAM INTU OLD TRENT THE VICTORIA MARKET MOTORPOINT INTU UNIVERSITY CORNERHOUSE CENTRE SQUARE ARENA BROADMARSH Outline for identification purposes only. NEWCASTLE UPON TYNE ● A1(M) M6 UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE Street NOTTINGHAM ARBORETUM Peel NOTTINGHAM S he lt on t S e tr e ee tr t t e S LOCATION DEMOGRAPHICS e d A1(M) r t o S YORK n wo r o s e i h Leeds Bradford d S d Airport d A t N R a BLACKPOOL e n o o e io a M55 tr n d R M56 U l LEEDS l S n e HULL o W d s en ’ ar n M62 l n M61 C A Nottingham Trent A St University M 60 i M1 M18 l t M180 o GRIMSBY t n S G er Street S Chauc d l t a r MANCHESTER Doncaster o e s o s Sheffield Airport e h t o w u r e s e ad h k VICTORIA PARK SHEFFIELD S o r S R tr a e n P e B o Talbo at l t h M56 t Stre S lt Manchester et tre r a e t a n Airport C o i t Talbot S et a tr e M6 N LINCOLN t c B i ro r o t Royal Centre k s t S i M1 ament Stree tre D Parli e Lower t k et tre 1hr a t S C n e l e m u ia m P per Parl 20 mins 1hr 45 mins p BOSTON b U NOTTINGHAM M e t G r ee tr S S 8 a n 0 ol eo t c 0 r in r L 6 e CITY A A A k e r 6 e 6 t g 0 t 0 e 0 S 0 CENTRE S 8 t 8 r t DERBY e r e e A e ng t e t l Ro d LOUGHBOROUGH w oa East Long Row Smithy Row Pelha R A m Street on Midlands 6 rlt 0 OLD MARKET SQ a A C 6 Airport 0 t G 1 8 eet 6 2 e Str 8 e ctoria ser a M54 NORWICH tr Vi ar 6 M t W e B M M42 a s S Nottingham LEICESTER ’ A a id e Lace Market n Old Market Sq 6 m A M v a W 0 e . J 6 r a t 0 s h 0 r S e e te S a 0 ia n e G 8 a le r’s tr n L r te s 8 e e s A1(M) r G . P e W t a S o B t a i te r M6 r e a L BIRMINGHAM C F l y l o ST PETERS a y w S r a p SQ C e a d e r k n t a COVENRTY a ie e P Birmingham G t s e l d e a R n u r International o o W l w H i Airport A a NORTHAMPTON m BURY ST 6 ne 0 sto e n 612 M5 0 ow A EDMUNDS ll t te o e t S 8 aS H r Ga G ta H e t e ig ish r l e M t n h P F a e Cas fo vement a rd t M1 BEDFORD id S t M a WORCESTER r ia n M6 MILTON KEYNES M50 A1(M) A6005 W Undergoing redevelopement a y Luton Airport A6008 NOTTINGHAM HEMEL CHELMSFORD CASTLE HEMPSTEAD treet nal S OXFORD 8 Ca M25 A600 d A r 6 M48 uleva o 0 SWANSEA stle B Ca 0 C 6005 8 A a Nottingham M4 r M4 Station Street L r i o n LONDON n g treet ion S d CARDIFF to Stat M32 o n n d S R a tr o o eet a BRISTOL BATH M2 d R d Nottingham M25 r o f MAIDSTONE M20 Wil M5 M3 ● M23 FOLKSTONE A Queen’s Road y r a k ● w W s r f i f g i The historic City of Nottingham lies at the heart of the UK and forms the commercial and r h t e h S administrative hub for the East Midlands. S t M27 It is situated● approximately 130 miles north of Central London and 50 miles north east of SOUTHAMPTON A3(M) Birmingham. Nottingham benefits from BRIGHTONexcellent communications with the M1 (J25) located ● ● EXETER approximatelyPORTSMOUTH 7 miles to the west, providing access to both the M69 and the M18. PRIMARY CATCHMENT ESTIMATED SHOPPING HIGH PROPORTION UK’S POPULATION ● POPULATION POPULATION OF YOUNG ADULTS WITHIN A WEYMOUTH The city’s modern tram system (Nottingham Express Transit) carries an estimated 16.5 million 916,000 576,000 15-24 years 4 HOUR DRIVE ● passengers every year and provides links to key Nottingham amenities and locations including 77% University of Nottingham and Nottingham Trent University campuses and the Market Square. Nottingham East Midlands Airport is located approximately 15 miles to the south. Birmingham PLYMOUTH ● International Airport, the UK’s 5th largest airport is located approximately 45 minutes’ drive TRURO ● to the south west. Furthermore, the city is set to benefit from the HS2 network, with the East PENZANCE FALMOUTH Midlands Hub base planned for Toton, to the south west of the city. ● ● SHEFFIELD 58 mins GLOBALLY THE UNIVERSITY NOTTINGHAM RENOWNED OF NOTTINGHAM OVER TRENT UNIVERSITY OVER BIRMINGHAM NEW STREET 1 hr 07 mins UNIVERSITIES 47,000 students 30,000 students LONDON ST PANCRAS 1 hr 39 mins 2 76% FROM THE UK 86% FROM THE UK UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE NOTTINGHAM NOTTINGHAM RETAILING IN NOTTINGHAM RETAILING IN NOTTINGHAM Exchange Walk Tram Stop City centre retail floorspace in Nottingham is estimated aat 2.88m Nottingham City Council. The redevelopment formed part of the city sqft, with an estimated retail spend of approximately £1.88bn per council’s Broadmarsh Area Transformation project which includes a annum. The City centre comprises two shopping centres, intu new bus station and library. Nottingham City Council have estimated Tram Stop Victoria Centre to the north and intu Broadmarsh to the south. the regeneration project will boost the local economy by over Intu Victoria is anchored by John Lewis and House of Fraser, other £1.1 billion per decade and will attract an extra three million people to the city a year. Mallard key tenants include Boots, Tesco Metro and Next. The £89m redevelopment of the intu Broadmarsh commenced in Main shopping streets include Clumber Street, High Street and 4 - 5 2019 and following the announcement that intu group has moved Bridlesmith Gate to the east of the central area, Exchange Walk, into administration, the shopping centre has now been taken over by Albert Street and Lister Gate to the west. 7 - 8 5 - 7 Clumber Street UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE UNITS 1-8 EXCHANGE WALK & 5-7 ST PETER’S GATE NOTTINGHAM NOTTINGHAM DESCRIPTION ACCOMMODATION Address Tenant Description Area sq m Area sq ft The property comprises an attractive parade of retail units on core City Centre pedestrianised pitches, benefitting from dual frontage on to Exchange Walk ITZA 90.1 970 and Cheapside. Basement 180.3 1,941 Unit 1, Exchange Walk Karali Limited First 256.9 2,765 Constructed c.1970, the parade comprises a large three storey building at the northern end of typical concrete frame construction, with excellent natural daylight Second 258.5 2,783 penetration via comprehensive use of glazing on all floors. The remainder of the Sub-Total 785.9 8,459 parade gently slopes down Exchange Walk and comprises split units arranged ITZA 53.9 580 on ground and first floors.