This substantial freehold property presents a unique investment opportunity in the heart of a sought-after neighborhood. Comprising a detached coach house alongside three converted apartments, this Victorian block has been well-maintained and is currently fully let, generating significant rental income.
The main residence includes a versatile coach house that can serve as a spacious three-bedroom unit or potentially be configured for more efficient use. It is presently rented through a company let agreement, securing a consistent monthly income. The ground floor apartment features three bedrooms, currently under market value at £950 per month; however, it has the potential to achieve an estimated rental rate of £1,500 per month with some cosmetic updates.
The first-floor apartment offers two bedrooms and is leased to an Airbnb provider for approximately £1,150 monthly, while the top-floor one-bedroom unit commands around £925 per month under similar arrangements. This mix of long-term and short-term rental agreements positions the property favorably within the local market.
A prominent corner location enhances its appeal, being nestled among tree-lined streets just a short distance from Nottingham city center. The area boasts excellent public transport links and is consistently favored by both professional tenants and families looking for stability.
The property features an unconverted basement area that could present further development opportunities (subject to planning permission), allowing savvy investors to enhance their returns. Additionally, there is a large private car park that may offer potential for future development as well.
Overall, with an annual rent roll exceeding £60,000 and an initial yield of over 6.5%, there remains considerable upside potential through strategic renovations and adjustments to existing leases. This freehold block not only provides multiple income streams but also offers opportunities for capital growth in a thriving market.
