Acting on behalf of M7 Real Estate, Phillips Sutton have advised on the acquisition of a mixed use office and retail investment in Nottingham City Centre.
The mixed use block produces an income of £569,197 and is let to Tesco until 2023 and benefits from open RPI rent reviews, whilst the offices are let to an NHS Surgery for a further 7.5 years.
The investment was purchased for a price of £3.25m which reflected a NIY of 16.5%.
