FANTASTIC INVESTMENT OPPORTUNITY...

This well-positioned and spacious three-bedroom HMO flat presents a fantastic opportunity for investors seeking an already income-generating property. Situated on the third floor of a well-maintained building, the property is fully let for the upcoming academic year (September 2025 – July 2026), achieving a monthly rental income of £1,985, this offers a gross rental yield of approximately 9.9% - 11%, making it an attractive hands-off investment. Currently in the process of having the lease extended to 999 years and being converted to a share of freehold, this property offers long-term value and stability for landlords and buy-to-let investors. The accommodation comprises an entrance hall, a fitted kitchen, a spacious reception room perfect for communal living, and three generously sized double bedrooms – one of which benefits from an en-suite shower room. There is also a separate three-piece bathroom suite, ensuring practicality for multiple occupants. Located in the heart of Nottingham City Centre with unbeatable access to transport links, shops, bars, and universities, this is a superb turn-key investment opportunity in one of the city's most sought-after rental hotspots.

MUST BE VIEWED

Hallway

Dimensions: 1.20m x 4.97m (3'11" x 16'3"). The hallway has vinyl flooring, a wall-mounted electric heater, a built-in cupboard and a single door providing access into the accommodation.

Living Room

Dimensions: 4.86m x 5.94m max (15'11" x 19'5" max). The living room has single-glazed windows, carpeted flooring, a wall-mounted electric heater, a wall-mounted phone intercom and open access into the kitchen.

Kitchen

Dimensions: 3.05m x 4.94m (10'0" x 16'2"). The kitchen has a range of fitted base and wall units with worktops, an integrated oven and fridge-freezer, an electric hob with an extractor hood, a stainless steel sink and a half with a drainer, space and plumbing for a washing machine, vinyl flooring, partially tiled walls and a single-glazed window.

Master Bedroom

Dimensions: 3.54m x 5.99m (11'7" x 19'7"). The main bedroom has single-glazed windows, carpeted flooring, a wall-mounted electric heater and access into the shower room.

Shower Room

Dimensions: 1.7m x 2.29m (5'6" x 7'6"). The shower room has a pedestal wash basin, a fitted shower enclosure with a mains-fed shower, vinyl flooring, waterproof wall panels, a chrome heated towel rail, an electric shaving point and an extractor fan.

Bedroom Two

Dimensions: 3.63m x 3.79m (11'10" x 12'5"). The second bedroom has single-glazed windows, carpeted flooring and a wall-mounted electric heater.

Bedroom Three

Dimensions: 3.54m x 3.01m (11'7" x 9'10"). The second bedroom has a single-glazed window, carpeted flooring and a wall-mounted electric heater.

Bathroom

Dimensions: 2.44m x 2.09m (8'0" x 6'10"). The bathroom has a low level flush W/C, a pedestal wash basin, a fitted panelled bath with a mains-fed shower and a glass shower screen, vinyl flooring, waterproof wall panels, a chrome heated towel rail, an electric shaving point and a single-glazed window.

ADDITIONAL INFORMATION

Electricity – Mains Supply
Water – Mains Supply
Heating – Electric Heating – Connected to Mains Supply
Septic Tank – No
Broadband Speed - Ultrafast - 1000 Mbps (Highest available download speed) 1000 Mbps (Highest available upload speed)
Phone Signal – All 4G & 5G, some 3G available
Sewage – Mains Supply
Flood Risk – No flooding in the past 5 years
The building has a High risk of flooding
Non-Standard Construction – No
Any Legal Restrictions – No
Other Material Issues – The purchase of the freehold has been agreed and is awaiting completion. Once completed the lease will be extended to 999 years and any restrictions on rentals will be removed.

DISCLAIMER

Council Tax Band Rating - Nottingham City Council - Band D
This information was obtained through the directgov website. HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase.

The vendor has advised the following:
Service Charge in the year marketing commenced (£PA): £4,789.32
Ground Rent in the year marketing commenced (£PA): £1
Property Tenure is Leasehold. Term: 125 years from 1 January 2001 but currently in the process of being increased to 999 years

The information regarding service charges and ground rent has been obtained from the vendor. HoldenCopley have checked the most recent statement for ground rent and service charge and have obtained the lease length via the Land registry. HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agre...