This freehold property presents a unique investment opportunity, featuring a detached three-bedroom coach house and three converted apartments, all currently generating substantial rental income. Positioned on a sought-after tree-lined street, this Victorian building comprises multiple income sources and boasts a sizable private car park. With a current rent roll of around £60,000 per annum and a promising gross yield exceeding 7.5%, there is significant potential for future returns through strategic upgrades and adjustments in rental agreements. Notably, the ground floor apartment is currently under-rented compared to market rates, suggesting an advantageous re-alignment could enhance profitability. Additionally, the property has an unconverted basement that holds promise for further development (subject to planning), along with the vast car park that may accommodate additional projects (also subject to planning). The combination of long-term ASTs alongside flexible Airbnb arrangements adds variety to the revenue stream while ensuring stability in tenancy. Located conveniently close to Nottingham city centre with excellent public transport links, the property benefits from strong demand in a flourishing residential area. This is not only an opportunity for immediate cash flow but also a chance for savvy investors to capitalize on the long-term growth potential of this attractive block.
