Chain-free, newly renovated two-bedroom city apartment — ready for investors or urban buyers..
Chain-free fourth-floor apartment with lift access
Currently let at £995pcm — immediate rental income
Two double bedrooms; open-plan living/kitchen with integrated appliances
Private balcony overlooking internal courtyard
104 years remaining on the lease (leasehold)
Service charge £2,993.56pa; ground rent £312.50pa — factor costs
Located in a multicultural student neighbourhood with very high local crime
Area classed as deprived — may affect resale and lending options
This spacious two-bedroom apartment in The Hicking Building offers a city-centre, canal-side position with recently refreshed interiors and a private balcony. The open-plan living/kitchen, integrated appliances and high-ceiling warehouse character in communal areas create a desirable urban flat suitable for rental or owner-occupation.
Offered chain-free with 104 years remaining on the lease, the property is currently let at £995pcm, presenting an immediate income stream for buy-to-let purchasers. Practical features include lift access, electric fob entry, intercom, and in-flat storage for everyday convenience.
Buyers should note the property sits in a multicultural student neighbourhood with a very high local crime rating and an area classified as deprived; these factors can affect long-term capital performance and insurer or lender requirements. Annual service charge (£2,993.56) and ground rent (£312.50) are additional ongoing costs to factor into yield calculations.
The apartment has been newly renovated internally, but communal areas retain the converted-warehouse industrial look which may not suit all tastes. This home is best suited to investors seeking a ready-let city-centre unit or buyers wanting compact urban living close to Nottingham’s Lace Market and transport links.
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