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21 bedroom apartment for sale
The Edge, Bar Lane, Nottingham
£1,500,000
The Edge, Bar Lane, Nottingham
£1,500,000
Our Summary
- £1,500,000 freehold investment opportunity in Nottingham (NG6)
Description
This is an outstanding investment opportunity to acquire a fully let, high-yielding freehold apartment block in Nottingham, generating over £90,000 per annum in rental income. The property, comprising 12 self-contained flats, is let in its entirety to Bespoke Supportive Tenancies Ltd (BEST) on a long-term lease until 2034, with contractual annual rental uplifts from 2026 onward. The lease is held on Full Repairing and Insuring (FRI) terms, with all maintenance and internal management responsibilities covered by the tenant, providing a truly hands-off investment. The block is in good condition throughout and requires no capital expenditure, with an additional £600 per annum in income from ground rent and service charges paid by a commercial unit beneath the building. With a gross yield of approximately 8.7% based on the asking price, this investment offers excellent income security and built-in growth, making it an attractive opportunity for investors.