20 bed Flat For Sale £1,900,000
Brief investment opportunity - Guide Price £1,900,000 to £2,000,000. A Nottingham Heritage Building formerly a lace curtain factory from the Mid 19th Century that is currently being converted into a high specification apartment building.
Consisting of 18 1 bed apartments and 2 studio apartments. Once completed this building will be generating £136,800 rental income per annum, with all the 1 bed apartments set to achieve £575pcm and the 2 studios at £525pcm.
Tristram's have let a variety of similar conversions within the area and can see high demand for these quality apartments.
Listed at a guide price of £1,900,000-£2,000,000.
Refurbishedments will be completed before Sales Completion.
Full description A brick built 19th century mill now converted into 20 apartments, newly developed to a high standard throughout.
The property is located over four stories and is sold as a Freehold tenure. The developer has consciously tried to retain some original features to provide lovely character to this period building.
The mill was originally built for use as a curtain linen mill in the Victorian era. Current rental values will vary between £525 - £600 per calendar month per apartment, not including any utility bills, council tax or internet.
There is only on street parking available to the building but is freely available around the building, we have let similar projects in the past and have had great demand.
The Nottingham City Transport tram link park and ride station is located a 5 minute walk, which commutes passengers into Nottingham City within 15 minutes. The M1 corridor is a 10 minute drive away to Junction 26.
With Nottingham consistently showing some of the best rental and property value growth in the country, yields are expected to increase year on year. Nottingham is home to many successful firms including Boots, eon, Experian & Capital One, as well as the world renowned Paul Smith. With huge development currently underway in the city on infrastructure to trams, roads and bus routes. There is currently huge development and investment happening in the city, with big spending on infrastructure and redevelopment.
Apartments Each apartment is a self contained unit hosting Kitchen area and ensuite, with the one bedroom apartments having a separate bedroom and the two studio apartments all being within their own self contained area.
Consisting of 18 1 bed apartments and 2 studio apartments. Once completed this building will be generating £136,800 rental income per annum, with all the 1 bed apartments set to achieve £575pcm and the 2 studios at £525pcm.
Tristram's have let a variety of similar conversions within the area and can see high demand for these quality apartments.
Listed at a guide price of £1,900,000-£2,000,000.
Refurbishedments will be completed before Sales Completion.
Full description A brick built 19th century mill now converted into 20 apartments, newly developed to a high standard throughout.
The property is located over four stories and is sold as a Freehold tenure. The developer has consciously tried to retain some original features to provide lovely character to this period building.
The mill was originally built for use as a curtain linen mill in the Victorian era. Current rental values will vary between £525 - £600 per calendar month per apartment, not including any utility bills, council tax or internet.
There is only on street parking available to the building but is freely available around the building, we have let similar projects in the past and have had great demand.
The Nottingham City Transport tram link park and ride station is located a 5 minute walk, which commutes passengers into Nottingham City within 15 minutes. The M1 corridor is a 10 minute drive away to Junction 26.
With Nottingham consistently showing some of the best rental and property value growth in the country, yields are expected to increase year on year. Nottingham is home to many successful firms including Boots, eon, Experian & Capital One, as well as the world renowned Paul Smith. With huge development currently underway in the city on infrastructure to trams, roads and bus routes. There is currently huge development and investment happening in the city, with big spending on infrastructure and redevelopment.
Apartments Each apartment is a self contained unit hosting Kitchen area and ensuite, with the one bedroom apartments having a separate bedroom and the two studio apartments all being within their own self contained area.
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