Halifax Place, The Lace Market, Nottingham
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
16
- BATHROOMS
16
- SIZE
5,300 sq ft
492 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- •Prime Lace Market Location: Situated in one of Nottingham's most sought-after and vibrant areas.
- •Substantial Annual Income: Currently generating £12,123 per month.
- •Fully Converted & Modern: A recently renovated property requiring no immediate works.
- •Diverse Apartment Configuration: Comprising 16 en-suite bedrooms across 2 x 5-bedroom and 3 x 2-bedroom apartments.
- •Self-Contained Units: Each apartment features a private kitchen, living area, and heating.
- •High Demand Tenants: Appealing to both young professionals and students seeking quality central accommodation.
- •Fully Let Until Summer 2026: Ensures immediate and stable rental income.
- •Secure & Convenient Amenities: Includes a secure entry system, resident mailboxes, office, and utility cupboard.
- •Freehold Held in Limited Company: Potential for significant stamp duty savings (up to £116,500 – subject to professional advice).
- •Turnkey Investment: A rare opportunity to acquire a fully operational and profitable asset.
Description
MS Estates is delighted to present a remarkable, recently converted freehold investment property, ideally situated in the vibrant heart of The Lace Market, Nottingham. This exceptional building, 100 Halifax Place, offers a lucrative opportunity for investors seeking a ready-made, high-yielding asset with no immediate works required.
The property generates a substantial £12,123 per month in rental income. It comprises 16 en-suite bedrooms, cleverly configured into two five-bedroom apartments and three two-bedroom apartments. Each apartment boasts its own fully equipped kitchen, comfortable living area, and independent heating system. These units are highly attractive to both young professionals and students, offering flexible, all-inclusive terms and premium accommodation in a prime central location.
Further enhancing its appeal, the property features a secure entrance lobby with a secure entry system, individual resident mailboxes, a small office, and a utility cupboard. While off-street parking is available, it is currently not offered to tenants. All apartments are presently let to students until Summer 2026, providing consistent and reliable income.
This is also a unique opportunity to acquire the freehold building, which is held within a limited company. This structure may offer significant stamp duty savings for purchasers, potentially as much as £116,500 (purchasers should seek independent advice from their accountants or solicitors regarding this benefit).
Brochures
Halifax Place, The Lace Market, NottinghamBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Exempt
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Driveway
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Halifax Place, The Lace Market, Nottingham
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Visit our security centre to find out moreDisclaimer - Property reference 34041462. 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 M-S Estates, Nottingham. 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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