
The Farthings, Derwent Way, Lenton
- PROPERTY TYPE
Land
- SIZE
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Key features
- Let to Housing Association - Places for People
- 11.5 years left on 2 leases
- Operational Leases effectively FR&I via Sinking Fund
- Places for People - Blue Chip covenant - Assets of £5.8 Billion
- Adjacent to University of Nottingham Jubilee Campus
- Walking distance to Queens Medical Centre
- Planning - Class C3 - covering all living sectors
- Rack Rent received for 2024 - £426,289 reviewed Annually
- Average Rack Rent for last 3 years - £419,711
- ERV - £650,000 pa if Apartments let individually
Description
The city has a catchment population of over 1.3 million and benefits from an economy of £12.1 billion.
Nottingham is home to the headquarters of companies, such as, Walgreens Boots Alliance, Experian
and Capital One as well as two of the country's leading universities. The University of Nottingham and Nottingham Trent University are home to some 70,000 students and provide a constant supply of educated employees for Nottingham's many businesses . Nottingham is situated in the centre of the country, some 128 miles from London ( 1 hour 38 mins by train ) and 45 miles from Birmingham, with excellent transport links and easily accessible from the M1, to the heart of the city via the A453. Nottingham also benefits from a very successful and comprehensive tram network and a busy railway station used by over 8 million passengers a year. The transport interchange for both is known as "The Hub".
Perfectly positioned in the centre of the UK, Nottingham offers a lifestyle that blends dynamic city living with the tranquillity of surrounding countryside-all within easy reach. This prime location means you're exceptionally well-connected: with direct rail links to London in under two hours, easy access to the M1, and
East Midlands Airport just a short drive away, national and international travel is effortless. Nottingham itself is a vibrant and forwardthinking city, home to a rich cultural scene, two world-class universities, and a thriving
independent food, retail, and creative sector. It's a city that's constantly evolving, attracting investment, innovation, and opportunity. Venture just beyond the city centre and you'll discover picturesque market towns, beautiful parklands, and rolling countryside, ideal for weekend escapes and outdoor adventures.
Whether you're commuting, working from home, or simply seeking a well-connected base with everything on your doorstep, Nottingham and its surroundings offer the best of both worlds.
The site is located immediately adjacent to the Jubilee Campus of the University of Nottingham, and just 1.1 miles from the Queens Medical Centre which employs some 6,000 staff. With easy access into the City Centre ( 3 miles ) on the many bus routes and its proximity to the Ring Road Farthings Court is a very well-located residential development. Within 5 minutes' walk of the site there is a Lidl food store , Greggs and a Tesco Convenience Store as well as JD Gyms and the Derby Road Health Centre .
Price - £6,500,000
Yield - 6.14% after costs
VAT Not Applicable
These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.
Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.
Brochures
BrochureThe Farthings, Derwent Way, Lenton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hyson Green Market Tram Stop1.0 miles
- The Forest Tram Stop1.1 miles
- High School Tram Stop1.1 miles
Notes
Disclaimer - Property reference 102431017425. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by FHP Living, West Bridgford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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