Flagship Nottingham retail property handed £2.5m price tag
A flagship retail property in Nottingham has been placed on the investment market with an asking price of £3.5m.
Located at 28 Clumber Street, the freehold property extends to 26,528 sq ft across ground, basement, upper, and second floors. It benefits from frontages onto Lincoln Street and Clinton Street West.
In its current configuration, the property – which is being marketed with vacant possession – provides for a flagship retail store and benefits from sales escalators still in place from a previous tenant.
The asset provides potential to either be relet to a single occupier or divided into separate units. There is also scope to convert the upper parts of the building into alternative uses, such as residential or purpose-built student accommodation.
Nearby retailers include JD Sport, Footasylum, Footlocker, McDonald’s, and Superdrug.
TW Keil has been appointed to find a suitable buyer.