Denman & Rifle Street, Nottingham NG7

SUMMARY

* Opportunity to acquire an unbroken freehold residential investment comprising two adjoining blocks of 19 self-contained apartments, a rear yard and a substantial unused basement, offered entirely off-market in the highest-yielding buy-to-let postcode in Nottingham.

LOCATION

* The blocks are situated on Denman Street and Rifle Street within the NG7 postcode, within a 12-minute walk of the University of Nottingham Jubilee Campus and a 25-minute walk of Nottingham city centre, in a well-established and predominantly residential neighbourhood with strong, consistent tenant demand.

* NG7 has firmly established itself as one of the UK's most sought-after buy-to-let postcodes, recently topping Paragon Bank's national rankings for buy-to-let lending activity. The area draws a deep and reliable pool of professional and working tenants, underpinned by two major universities with a combined student population exceeding 65,000, sustained rental growth of approximately 7.4% per annum, and forecast capital growth of 5.7% in 2026 alone outperforming the wider East Midlands average. Nottingham's active regeneration pipeline, including the Waterside development and Guildhall Palace scheme, is driving further rental demand and long-term capital value.

DESCRIPTION

* The portfolio comprises 19 self-contained apartments (17 x 1-bedroom & 2 x 2-bedroom) extending to a total NSA of approximately 8,019 SqFt.

* 319 Denman Street comprises 13 x 1-bedroom apartments within the original building. 14 Rifle Street comprises 6 recently constructed apartments, built by the current vendor, offering a blend of established tenanted stock and modern accommodation.

* Each flat benefits from its own independent utilities and electricity meters, providing clean individual lettings with no shared billing complexity.

* The property is mostly re-let with 18 of 19 apartments let and producing a passing rent of £149,400 per annum.

* The partial vacancy arose entirely from a failed previous sale during which tenancies were not renewed.

* At full occupancy, the ERV is £163,740 per annum reflecting a gross yield of 10.23% and a net yield of approximately 10% at the asking price.

* The total annual communal running costs amount to approximately £5,862 across both blocks.

* Beyond the income, the property offers genuine asset management upside. The rear yard is currently in use for parking, access and storage, whilst the large unused basement of approximately 110 sqm with good head clearance presents a clear opportunity for value enhancement through storage letting, conversion or ancillary use, subject to necessary consents.

TERMS

* The property is not elected for VAT.

* The property is available freehold.

* Offers in excess of £1,600,000