Description
JLL are pleased to present the opportunity to purchase SACO House, The Ropewalk, Nottingham.
- The Freehold property extends to 14,722 sq ft and comprises 27 apartments across ground and four upper floors with brick facing elevations and a mansard roof.
- 23 x 1 bedroom apartments (av. size 561 sq ft)
- 4 x 2 bedroom apartments (av. size 750 sq ft)
- The property is let to Edyn Group with a current passing rent if £234,536 per annum with a lease expiring in March 2026 (can be earlier on request)
- Located just outside and therefore within walking distance of the major retailing/social districts of Nottingham City centre.
Attributes
Media
Investment highlights
Thriving Economy
Nottingham's economy is rebounding and expected to grow by 2.7% between 2022-2025, above the UK average. The city is part of the UK's fastest-growing regional economy. The city's population increased by 5.9% between 2011 and 2021, indicating steady growth. Major employers and growing high-value industries are creating new job opportunities, with 39,000 new jobs targeted by 2030.
Rental Growth
Nottingham has experienced a cumulative 33.2% rental growth over the past 5 years outperforming the East Midland average. Nottingham has experienced 7.4% growth over the last 12 months. Letting agents are receiving 17 enquiries for every rental property which is double the amount as in 2019.
University of Nottingham
Nottingham has experienced a cumulative 33.2% rental growth over the past 5 years outperforming the East Midland average. Nottingham has experienced 7.4% growth over the last 12 months. Letting agents are receiving 17 enquiries for every rental property which is double the amount as in 2019.
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