Long lease, tenant in situ, gym, pool and parking — building remediation underway.
Two bedrooms and two bathrooms, open-plan living with balcony
A well-located 2-bedroom, 2-bath apartment in The Litmus Building, offered with a long lease and a tenant in place. The open-plan living room leads onto a full-size balcony with views over St Mary’s rest gardens. Residents benefit from onsite leisure facilities (gym and swimming pool) and a designated underground parking space.
This flat is suited to investors seeking central Nottingham city-centre stock: it is currently tenanted until 01/10/2025 and sits in a multicultural, student-heavy area that supports strong rental demand. The 980-year lease and secure parking add practical value, while recent fresh decoration and included major kitchen appliances reduce immediate refurbishment needs.
Buyers should note material issues that affect purchase and ownership. The block is undergoing a cladding/external fabric investigation and works process under the Building Safety Fund (Gateway 2 submission expected by January 2026), so an EWS1 certificate is not currently available. Owners should expect prolonged internal and external remedial works and some daytime noise and disruption. There was also a recent fire in the -2 carpark which has limited that level’s use temporarily.
Practical running costs are clear: an annual service charge around £2,956.64 and a ground rent of £250. Heating is electric with room heaters (no gas), EPC rated D. Prospective buyers — particularly those requiring mortgage finance — should obtain independent legal advice and check mortgage lender conditions regarding building safety remediation and licensing requirements.
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