Summary - Flat 4, 1 Promenade NG3 1HB
6 bed 6 bath Semi-Detached
**Standout Features:**
- Fully refurbished Grade II listed building
- Four self-contained apartments (2 x Two Bedrooms, 2 x One Bedroom)
- Six modern bathrooms
- Current rental income of £46,908 per annum with a 7% yield
- Located in Mapperley Park & Alexandra Park Conservation Area
- Over 900 years remaining on lease
- Chain-free sale
**Concise Summary:**
Discover an exceptional investment opportunity in a beautifully restored Grade II listed building, seamlessly merging historic elegance with contemporary comfort. This remarkable property features four self-contained apartments—two spacious two-bedroom units and two charming one-bedroom units—each thoughtfully designed with open-plan living spaces and modern amenities. With a total of six fully modernized bathrooms, these apartments are currently fully let, generating an impressive gross rental income of £46,908 annually, boasting a strong yield of approximately 7%.
Nestled in the sought-after Mapperley Park & Alexandra Park Conservation Area, this property offers low crime rates and accessibility to local amenities, excellent transport links, and reputable schools, making it an appealing choice for investors or individuals looking to establish a portfolio in a thriving, cosmopolitan student neighborhood. The building retains much of its traditional charm, including sash windows and high ceilings, while providing all the conveniences of modern living. The leasehold status with over 900 years remaining adds further value, while the absence of an upward chain ensures a smooth transaction. This is a must-view property—opportunities like this rarely remain available for long!
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