Newstead Grove, Nottingham, Nottinghamshire, NG1 4GZ

INVESTMENT OPPORTUNITY IN PRIME LOCATION...

This impressive property presents a rare and highly lucrative investment opportunity, featuring 16 fully let self-contained flats and studio apartments. Generating a remarkable annual income of £87,120, it boasts a strong gross rental yield of approximately 8.29%, making it an ideal choice for both new and seasoned investors seeking consistent returns. Located in a prime area in the heart of Nottingham, just moments from Nottingham City Centre, the City Hospital, and major universities, the property benefits from high demand. Its proximity to key bus routes ensures excellent tenant accessibility, further enhancing its appeal. This is an exceptional opportunity to acquire an almost fully let, high-yield property in a sought-after location, offering a valuable addition to any investment portfolio.

MUST BE VIEWED

Ground Floor -

Communal Entrance - The communal entrance hall has carpeted flooring, coving to the ceiling, a decorative ceiling arch, and provides access into the accommodation.

Studio Flat - 5.24 x 4.63 (17'2" x 15'2") - This studio flat has tiled and carpeted flooring, a window, a range of fitted kitchen units with space for various appliances, a wall-mounted electric heater, and a single door providing access.

Shower Room - This space has a low level flush W/C, a wall-mounted wash basin, a shower enclosure with an electric shower fixture, partially tiled walls, and wood-effect flooring.

Open Plan Kitchen-Living - 6.21 x 3.59 (20'4" x 11'9") - The kitchen has a range of fitted gloss base and wall units with worktops, a stainless steel sink with taps and drainer, an integrated oven with an electric hob and extractor fan, space for a fridge freezer, space and plumbing for a washing machine, vinyl flooring, open plan to the living area with carpeted flooring, a TV point, recessed spotlights, a radiator, and a window.

Shower Room - 2.09 x 1.93 (6'10" x 6'3") - This space has a low level dual flush W/C, a wash basin with fitted storage underneath, a shower enclosure with a wall-mounted electric shower, partially tiled walls, vinyl flooring, a heated towel rail, an extractor fan, and an obscure window.

Bedroom - 4.65 x 4.13 (15'3" x 13'6") - The bedroom has a window, carpeted flooring, a wall-mounted electric heater, and access into an en-suite.

En-Suite - 2.33 x 0.83 (7'7" x 2'8") - The en-suite has a low level dual flush W/C, a wall-mounted electric shower fixture, partially tiled walls, vinyl flooring, a heated towel rail, an extractor fan, and recessed spotlights.

Studio Flat - 5.02 x 4.98 (16'5" x 16'4") - This studio flat has fitted base and wall units with a worktop, a stainless steel sink with taps and drainer, an integrated oven with an electric hob, space and plumbing for a washing machine, space for a fridge freezer, tiled splashback, vinyl and carpeted flooring, a wall-mounted electric heater, a UPVC double-glazed window, and a bay window.

Shower Room - 2.35 x 1.09 (7'8" x 3'6") - The shower room has a low level dual flush W/C, a wash basin, a shower enclosure with a wall-mounted electric shower fixture, vinyl flooring, partially tiled walls, an extractor fan, and a UPVC double-glazed obscure window.

Studio Flat - 5.02 x 4.42 (16'5" x 14'6") - This studio flat has a bay window, wood-effect flooring, fitted base and wall units with a worktop, a stainless steel sink with taps and drainer, space for a cooker and a fridge freezer, space and plumbing for a washing machine, and coving to the ceiling.

Shower Room - 3.46 x 0.91 (11'4" x 2'11") - The shower room has a low level dual flush W/C, a wash basin, a wall-mounted electric shower fixture, vinyl flooring, partially tiled walls, an extractor fan, and recessed spotlights.

Studio Flat - 5.43 x 5.29 (17'9" x 17'4") - This studio flat has fitted base and wall units with worktops, a stainless steel sink with taps and drainer, an integrated oven with an electric hob, space and plumbing for a washing machine, space for a fridge freezer, vinyl and carpeted flooring, tiled splashback, two wall-mounted electric heaters, coving to the ceiling, and a bay window.

Shower Room - 1.42 x 1.38 (4'7" x 4'6") - This shower suite has a low level dual flush W/C, a wash basin, a shower enclosure, partially tiled walls, vinyl flooring, and an extractor fan.

First Floor -

Studio Flat - 5.08 x 4.14 (16'7" x 13'6") - This studio flat has carpeted and vinyl flooring, a range of fitted gloss base and wall units with worktops, a stainless steel sink with taps and drainer, space and plumbing for a washing machine, space for an under-counter fridge, an integrated oven with an electric hob and extractor fan, tiled splashback, a vertical radiator, coving to the ceiling, and UPVC double-glazed windows.

Shower Room - 5.18 x 0.88 (16'11" x 2'10") - This shower room has a low level dual flush W/C, a wall-mounted wash basin, a shower enclosure with a wall-mounted electric shower fixture, vinyl flooring, a wall-mounted electric heater, partially tiled walls, vinyl flooring, two UPVC double-glazed obscure windows, and a single obscure window.

Open Plan Kitchen-Living - 5.80 x 5.26 (19'0" x 17'3") - The kitchen has fitted base units with a worktop, a stainless steel sink with taps and drainer, an integrated oven with an electric hob, space and plumbing for a washing machine, space for a fridge freezer, tiled splashback, vinyl and carpeted flooring, a wall-mounted electric heater, coving to the ceiling, a bay window and an additional window.

Bedroom - 5.31 x 3.52 (17'5" x 11'6") - This bedroom has carpeted flooring, coving to the ceiling, a wall-mounted electric heater, a window, and access into the en-suite.

En-Suite - 2.86 x 1.34 (9'4" x 4'4") - The en-suite has a low level dual flush W/C, a pedestal wash basin, a shower enclosure with a wall-mounted electric shower fixture, partially tiled walls, vinyl flooring, and a window.

Studio Flat - 4.75 x 4.16 (15'7" x 13'7") - The studio flat has fitted base and wall units with a worktop, a stainless steel sink with taps and drainer, an integrated oven with an electric hob, space and plumbing for a washing machine, space for a fridge, vinyl and carpeted flooring, a radiator, coving to the ceiling, and a single UPVC door.

Shower Room - 2.46 x 0.97 (8'0" x 3'2") - This space has a low level dual flush W/C, a wash basin, a shower enclosure with a wall-mounted electric shower fixture, partially tiled walls, vinyl flooring, a radiator, an extractor fan, and a UPVC double-glazed obscure window to the rear elevation.

Studio Flat - 5.25 x 3.90 (17'2" x 12'9") - This studio flat has a range of fitted base and wall units with worktops, a stainless steel sink with taps and drainer, an integrated oven with an electric hob, space for an under-counter fridge, tiled splashback, vinyl and carpeted flooring, an in-built cupboard, and a bay window.

Shower Room - 2.21 x 1.12 (7'3" x 3'8") - This space has a low level dual flush W/C, a wash basin, a shower enclosure with a wall-mounted electric shower fixture, partially tiled walls, vinyl flooring, a radiator, and an extractor fan.

Second Floor -

Dining Room - 4.12 x 2.84 (13'6" x 9'3") - This room has a single-glazed window, carpeted flooring, and a radiator.

Kitchen - 4.16 x 2.12 (13'7" x 6'11") - The kitchen has a range of fitted base and wall units with worktops, a stainless steel sink with a swan neck mixer tap and drainer, space for a cooker, space and plumbing for a washing machine, space for a fridge freezer and cooker, a wall-mounted boiler, tiled splashback, vinyl flooring, and a single-glazed window.

W/C - 1.85 x 0.88 (6'0" x 2'10") - This space has a low level flush W/C, a wash basin, vinyl flooring, an extractor fan, and a single-glazed obscure window.

Bedroom - 5.04 x 4.19 (16'6" x 13'8") - This bedroom has a bay window, carpeted flooring, coving to the ceiling, and a radiator.

Studio Flat - 5.21 x 3.66 (17'1" x 12'0") - This studio flat has fitted base units with a worktop, a stainless steel sink with a tap and drainer, an integrated oven with an electric hob, space and plumbing for a washing machine, space for a fridge freezer, carpeted flooring and vinyl flooring, a wall-mounted electric heater, a window, and a walk-in closet.

Closet - The closet has wall-mounted shelves.

Shower Suite - This space has a low level dual flush W/C, a pedestal wash basin, a shower enclosure with a wall-mounted electric shower fixture, waterproof splashback, vinyl flooring, an extractor fan, a towel rail, and an obscure window.

Studio Flat - 4.71 x 4.22 (15'5" x 13'10") - This studio flat has fitted base and wall units with worktops, a stainless steel sink with taps and drainer, an integrated oven with an electric hob, space and plumbing for a washing machine, space for a fridge, tiled splashback, vinyl and carpeted flooring, a radiator, and a window.

Shower Room - 2.95 x 0.93 (9'8" x 3'0") - This space has a low level flush W/C, a wash basin, a shower enclosure, a radiator, vinyl flooring, partially tiled walls, an extractor fan, and a window.

Third Floor -

Bedroom - 5.03 x 4.10 (16'6" x 13'5") - This bedroom has a window, carpeted flooring, a radiator, and a sunken wash basin with fitted storage underneath and tiled splashback.

Shower Room - 1.47m x 1.16m (4'9" x 3'9") - This space has a wash basin, a shower enclosure with an electric shower fixture, partially tiled walls, vinyl flooring, an extractor fan, and a window.

Bedroom - 5.04 x 5.06 (16'6" x 16'7") - This bedroom has a UPVC double-glazed window, carpeted flooring, and a radiator.

Studio Flat - 5.81 x 4.22 (19'0" x 13'10") - This studio flat has fitted base and wall units with a worktop, a stainless steel sink with taps and drainer, space for a cooker, space and plumbing for a washing machine, space for a fridge freezer, carpeted flooring and vinyl flooring, two UPVC double-glazed windows, and access into the en-suite.

En-Suite - This space has a low level flush W/C, a wash basin, a shower enclosure with a wall-mounted electric shower fixture and a bi-folding shower screen, fully tiled walls, vinyl flooring, and an extractor fan.

Studio Flat - 5.14 x 3.64 (16'10" x 11'11") - This studio flat has a range of fitted base units with worktops, a stainless steel sink with taps and drainer, an integrated oven with an electric hob, space and plumbing for a washing machine, space for an under-counter fridge, tiled splashback, carpeted flooring, a wall-mounted electric heater, a fitted wardrobe, and access into a closet.

Bathroom - 1.97 x 1.93 (6'5" x 6'3") - The bathroom has a low level dual flush W/C, a wash basin, a panelled bath with an electric shower fixture, a shower screen, partially tiled walls, an extractor fan, and a UPVC double-glazed obscure window.

Studio Flat - 4.70 x 4.20 (15'5" x 13'9") - This studio flat has fitted base and wall units with worktops, a stainless steel sink with taps and drainer, space for a cooker, space and plumbing for a washing machine, space for a fridge, tiled splashback, vinyl and carpeted flooring, a radiator, and a window.

Shower Room - 2.83 x 0.87 (9'3" x 2'10") - This space has a low level flush W/C, a wash basin, a shower enclosure, a radiator, vinyl flooring, partially tiled walls, an extractor fan, and a window.

Basement Level -

Cellar One - 2.26 x 1.96 (7'4" x 6'5") -

Cellar Two - 3.64 x 1.00 (11'11" x 3'3") -

Cellar Threee - 5.18 x 2.16 (16'11" x 7'1") -

Cellar Four - 4.10 x 2.21 (13'5" x 7'3") -

Cellar Five - 3.16 x 1.18 (10'4" x 3'10") -

Cellar Six - 1.79 x 0.88 (5'10" x 2'10") -

Cellar Seven - 4.97 x 1.76 (16'3" x 5'9") -

Cellar Eight - 1.62 x 1.91 (5'3" x 6'3") -

Disclaimer - Some flats within the property were unfortunately inaccessible.

Council Tax Band Rating - Nottingham City Council - All flats have a council tax band A
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:
Property Tenure is Freehold

Agents Disclaimer: HoldenCopley, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and HoldenCopley have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.

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