Summary - THE WHISTLE AND FLUTE, 96, DERBY ROAD NG1 5FB
14 bed 1 bath Mixed Use
**Standout Features:**
- **14 Residential Flats:** Fully let to a Housing Association, generating a stable income.
- **Prime Location:** Situated in a vibrant city center, ideal for student accommodations and commercial ventures.
- **Ground Floor Commercial Space:** Successfully operates as "Whistle & Flute" bar, with a current rental income of £21,000 per annum.
- **Large Footprint:** Total area of 15,669 sqft allows for versatile usage and potential expansion.
- **Renovated Commercial Unit:** Modern design with natural light, enhancing usability and appeal.
**Potential Downsides:**
- **Short Lease:** Only 17 years left on the lease for the commercial tenancy, which may restrict financing options.
- **High Crime Rate:** Local area marked by a very high crime rate, which could impact desirability for some investors and tenants.
This impressive mixed-use property at 96-98 Derby Road is a unique opportunity for savvy investors seeking a consistent rental income while enjoying the benefits of a central Nottingham location. The property features 14 residential flats already leased to a reliable housing association, coupled with a thriving commercial unit ideal for generating substantial cash flow. With the potential to further develop or renovate, this expansive 15,669 sqft property offers flexibility to boost yields. While the short lease and high crime rate are considerations, the vibrant, multicultural neighborhood filled with amenities presents an attractive environment for both residents and businesses. Don’t miss out on this golden investment opportunity to secure your place in Nottingham's evolving property market!
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