8,159 sq ft retail unit hits the market

Unit 1 Commodore Court

A 8,159 sq ft unit at Commodore Court on Nuthall Road in Nottingham has been brought to market.

The retail investment is currently let to Community Health and Eyecare on a ten year lease.

The prominent corner unit, situated on the ground floor of the building, is being marketed by Birmingham-based Bond Wolfe.

The company is seeking offers of £1.3m plus VAT for the long leasehold interest, which would reflect a net initial yield of 6.51%.

The wider Commodore Court scheme comprises 15,039 sq ft of space.

James Mattin, managing director – agency at Bond Wolfe, said: “Community Health and Eyecare Ltd is an NHS provider and Unit 1 is the predominant unit of the wider 15,039 sq ft Commodore Court scheme, with other neighbouring occupiers including Barnardo’s.”