Phillips Sutton acquire high profile multi let office building in Nottingham on behalf of pension fund clients.
Acting on behalf of CCLA, Phillips Sutton have advised on the acquisition of a 68,000 sq ft multi let office building on Castle Boulevard in Nottingham.
The Art Deco, Grade II listed office building is let to UPS and Gala Group, with one vacant suite. The building offers good asset management potential with genuine long term rental growth prospects.
The office was purchased from APICS for £7.95 million and a NIY of 8.68%.