Savills, on behalf of private clients, has sold 50/52 Long Row in Nottingham to a private investor for £1.590 million.
Situated in the heart of Nottingham city centre, the property comprises a three storey Grade II Listed terrace building totalling 19,280 sq ft (1,791 sq m). At present, the basement, ground and first floors are let to the British Heart Foundation, generating a rent of £90,000 per annum.
Subsequently, the building includes self-contained space on the second and third floors which has the potential for redevelopment, subject to planning consent.
Victor Ktori, head of office for Savills Nottingham, comments: “This prime city centre building provided the purchaser with an excellent opportunity to acquire a strong income producing asset with the possibility for future redevelopment. Due to the property’s great credentials we were able to achieve above the original guide price on behalf of our client.”
