Location
Arnold is an established and densely populated suburb of Nottingham, situated approximately four miles north east of the city centre. The town has a resident population of circa 38,000 and draws from a wider catchment extending across Gedling Borough which has a population of more than 118,000.
The property occupies a prominent trading position on Front Street, the prime retailing pitch within the town centre. Front Street is a busy, predominantly pedestrianised thoroughfare and benefits from strong footfall generated by a mix of national and independent occupiers, with nearby operators including Boots, Superdrug, Greggs, Specsavers and Costa Coffee together with the Arnold Market Place development close by.
The town centre is well served by public transport and benefits from a number of adjacent pay and display car parks offering initial free parking.
Investment Summary
Iceland Foods Limited (Company No. 01107406) is one of the UK’s leading food retailers, specialising in frozen food alongside a full grocery and chilled offer. The wider Iceland group generates annual revenues in excess of £4 billion.
Iceland has traded from the property for over 20 years, highlighting a long-term commitment to the location.
For the 52 week period ended 28th March 2025, Iceland Foods Limited reported the following results:
| 52 weeks to 28/3/2025 | 53 weeks to 29/3/2024 | |
| Turnover | £4,117.5m | £4,108.1m |
| Adjusted EBITDA | £142.1m | £150.9m |
| Operating Profit | £82.5m | £88.0m |
| Net Assets | £707.3m | £712.0m |
Proposal
Quoting price is £1,275,000, which reflects a Net Initial Yield of 11.37% after assumed purchaser’s costs of 5.68%
Accomodation
The property comprises a 1960’s purpose built two storey supermarket building with accommodation arranged on ground and one upper floor. The ground floor is open plan with servicing, stores and preparation to the rear, the first floor being used for stock, staff training and servicing facilities. The property benefits from a rear shared service yard.
The property comprises the following internal floor area:
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Ground Floor
701.39 sq m 7550 sq ft
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First Floor
647.23 sq m 6967 sq ft
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Total
1348.62 sq m 14517 sq ft
Lease
The property is let in its entirety to Iceland Foods Limited on a full repairing and insuring lease for a term of 25 years from 28th February 2005, expiring 27th February 2030. The passing rent is £153,146 per annum.
