Overview
- Updated On:
- 16 April 2025
- Property ID
- 94876
Description
Investment opportunity comprising two freehold blocks of apartments, located in the highly sought-after NG5 area of Nottingham.
Prime Location: Nottingham NG5 is a vibrant and well-connected area, popular with professionals, students, and families alike. With excellent transport links to the city center, proximity to local amenities, and a thriving rental market, this location ensures strong tenant demand.
Property Details: Each block features 6 one-bedroom apartments, offering a total of 12 units.
Current Income: Current rent of £70,500, the following rents are being allocated:
– 1 unit to be £850 once work is complete
– 1 unit is vacant which will be let at £650
– Rest of the apartments will be going to £650 – £700
Gross Yield: At an asking price of £900,000, the property delivers a strong 9.9% gross yield currently which also has scope to be increased.
Parking: Convenient parking facilities are available, adding further appeal to tenants.
This is a rare chance to acquire a high-yielding asset in Nottingham. With room for rental growth and a location that continues to attract tenants, this investment is a smart addition to any portfolio.
