Block of Apartments For Sale   |   Mansfield Street, Sherwood, Nottingham, NG5 4BN   |   Guide Price £2,100,000

Summary

We are delighted to present an exceptional residential
investment opportunity in the heart of Nottingham. A newly constructed
apartment block offering outstanding potential for both established
investors and asset managers seeking a valuable addition to their
portfolio.

Comprising 14 contemporary one-bedroom apartments, this impressive
asset spans a total internal area of 890 sqm (inclusive of communal
spaces), with the apartments themselves accounting for 630 sqm. The
property is available fully let upon completion, with a guaranteed income for 2 years from completion. Gross rental income of £302,400 per annum and the
benefit of freehold tenure, with a Net income of £201,600 pa including full management for the 2 year period. This represents a Net Yield of 10.42%.

The apartment block is fully self-contained, and fully furnished. Priced at a guide of £2.1million, this property represents a rare chance to secure a high-quality, newly built asset with significant income potential in a prime Nottingham location.

Additional Information

For further information on this property please call 01157342000 or e-mail enquiries@lester-bingley.co.uk