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9 bedroom detached house for sale
Redcliffe Road, Nottingham NG3
£900,000
Redcliffe Road, Nottingham NG3
£900,000
Our Summary
- Attractive freehold investment comprising a separate 3-bedroom Coach House and three self-contained apartments, with further development potential
- £60,000 pa, with scope to increase via refurb, rent re-alignment, and possible conversion of the unutilised basement and large front car park (STP)
- Stunning Freehold Investment Opportunity – Offers in the Region of £900,000
- 66%, with scope to increase returns through rental uplifts, cosmetic refurbishment, and further development opportunities
- Unconverted basement area suitable for further conversion (STP)
- Large front car park – possible development opportunity (STP)
- This is a rarely available freehold block with multiple income streams and outstanding potential for enhancement
- Freehold Investment Opportunity
- Potential Capital Uplift
Description
This attractive freehold investment property comprises a detached three-bedroom Coach House and three self-contained apartments, generating a current rent roll of approximately £60,000 per annum. The property is located in a prime area close to Nottingham city centre, with excellent transport links, and is highly sought after by both tenants and homeowners. The Coach House is let via a company let agreement, while the three apartments are let under a mix of ASTs and Airbnb agreements, offering scope for rental uplifts and further development opportunities. The property also features a large private car park and unconverted basement area, which could be developed further. With an initial yield of over 6.5%, this rare investment opportunity is being offered for sale at a guide price of £900,000.