7, 8, 10 Wellington Square, Nottingham, Nottinghamshire, NG7 1NG

ON BEHALF OF THE FIXED CHARGE RECEIVERS- Student investment opportunity for sale

Description
The property provides x3 mid terraced, four storey HMOs with 23 bedrooms in total.

The properties are partially let and provide an excellent opportunity to acquire an investment portfolio.

The properties are available as a portfolio but individual offers would be considered.



Location
Wellington Square is a residential area located around half a mile from Nottingham City Centre. It is a popular student area due to the proximity to the city centre, Nottingham Trent University and the University of Nottingham.

Access to the city centre is easy as it is within walking distance and there are bus routes along the two main roads either side of Wellington Square; Ilkeston Road and Derby Terrace. Nottingham Railway Station is around 1.5 miles away within the city centre.

Nottingham has a range of retailers, bars and nightlife which makes it popular with students and professionals alike.


Accommodation
Number 7- 8 bedroom HMO

Number 8 - 8 bedroom HMO

Number 10- 7 bedroom HMO

The ground floor of number 8 provides a hallway, two double bedrooms and a WC. The lower ground floor provides an open plan kitchen/living room. The first floor provides two bedrooms and two shower rooms, the second floor comprises three double rooms and there is a further double room on the third floor.

We have only internally inspected number 8 but we understand that the internal configuration and sizes are similar across all three properties, although number 10 is slightly smaller having one less bedroom.


Tenure
Freehold

Tenancies
Number 7- £135 pppw. Currently occupied by three overseas students who are vacating in February 2025.

Number 8- Vacant

Number 10- £120pppw. We understand this is fully let to students on a 40 week contract.

EPC
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