Woolpack Lane, Nottingham, Nottinghamshire, NG1

A well located two bedroom leasehold apartment in The Habitat, offered chain free and sold as seen, ideal for cash buyers seeking a competitively priced city centre investment. The property benefits from a long lease of 973 years remaining, approximately 614 sq ft of living space, and secure building access. Due to the EWS1 B2 rating, the property is not suitable for mortgage lending, making this an excellent opportunity for cash purchasers.

Key Features
CASH BUYERS ONLY

CHAINFREE

SOLD AS SEEN

EWS1 Certificate – B2 Rating (unmortgage able; suitable for cash buyers)

973 years remaining on the lease

Ground rent £250 per annum (fixed for first 25 years; RPI review thereafter)

Next ground rent review: January 2028

Two bedrooms

Approx. 614 sq ft

Open plan lounge/kitchen

Bathroom with three piece suite

Secure entry system

Lift access

Popular Lace Market / Hockley location

Ideal investment opportunity

Reeds Rains are pleased to present Flat 55, The Habitat, a well proportioned two bedroom apartment situated in the heart of Nottingham’s Lace Market district. This property is offered chain free and sold as seen, providing a straightforward and attractive opportunity for cash buyers.

The apartment offers approximately 614 square feet of accommodation, featuring an open plan living and kitchen area, two bedrooms, and a bathroom with a modern three-piece suite. The building benefits from secure fob entry, lift access, and a communal courtyard area.

With 973 years remaining on the lease, a ground rent of £250 per annum (fixed for the first 25 years and reviewed on an RPI basis thereafter), the property offers long-term stability for investors.

Please note: An EWS1 certificate is available, but the building currently holds a B2 rating, meaning the property is not suitable for mortgage lending. As such, the sale is restricted to cash buyers only.

This apartment represents an excellent opportunity for investors seeking a competitively priced city centre property with strong rental demand.

Lease & Financial Information
Lease length: 973 years remaining

Ground rent: £250 per annum (fixed for first 25 years; RPI review thereafter)

Next ground rent review: January 2028

Service charge: To be confirmed


Important Notes
CASH BUYERS ONLY due to EWS1 B2 rating

SOLD AS SEEN

CHAINFREE

All services, systems and appliances within the property have not been tested and will not be tested by Reeds Rains. No guarantee or warranty is given as to their condition or functionality.

EWS1 certificate available upon request


IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

NOT260033/2