Lace Market, Nottingham

 EPF identified this property- situated in the fashionable Lace Market and Hockley districts in the heart of Nottingham- as having enormous potential for additional value and growth.

The area is renowned for its eclectic mix of artisan, boutique and national/multiple operators, servicing the huge demand from students, locals and tourists alike. The area has recently benefited from largescale regeneration, including a mutli-million pound restoration and refurbishment of the boutique Mercure Hotel -considered one of the city's finest hotels-  directly opposite the property.  

The property is occupied by a popular and locally-renowned Thai restaurant and covers three storeys. 

Investment rationale and Asset management:

High yielding investment with short-medium term added value opportunities.

• Bought off low capital value per sq ft

• High (double-digit) yield purchase price, representing excellent cashflow from well established operator.

• Directly opposite one of city's best hotels, recently subject to multi-million pond refurbishment.

• Short lease length, presenting opportunity to regear, relet to stronger covenant or consider

• Excellent leisure pitch, in heart of city centre, just a few minutes walk from Nottingham Arena, theatres, Galleries of Justice and shopping mall.

• Area has undergone major regeneration and considered one of most fashionable parts of the city.