City-centre investment with on-site leisure facilities and secure parking.
Two double bedrooms with en‑suite to master
A third-floor, two-bedroom apartment in the Litmus Building presented as a ready-made investment. Located in Nottingham city centre’s NG1 postcode, the flat is sold with tenants in situ and currently produces a reported 12.9% gross yield based on the guide price of £126,000. Residents benefit from concierge, on-site gym and swimming pool, lift access and allocated off-street parking — practical building amenities that support long-term rental demand.
The apartment is contemporary and well-presented with an open-plan kitchen/living area, balcony, fitted appliances and an en-suite to the main bedroom. It sits within a modern development completed in the early 2000s, has double glazing and an EPC rating of C. The lease is long (977 years remaining), reducing a common leasehold risk for long-term holders.
Sell-side terms are important: the property is offered by the Modern Method of Auction and buyer fees apply. Successful bidders must pay a non-refundable reservation fee (4.5% of the purchase price, subject to a minimum of £6,600 including VAT) plus the Buyer Information Pack fee. The service charge (£3,286.60 pa) and ground rent (£150 pa) should be factored into return calculations.
Practical points for investors: heating is electric (room heaters), and key services and appliances have not been independently tested. The building management has ongoing applications for funding relating to building safety. Prospective purchasers should review the Buyer Information Pack, confirm rental levels, and check mortgage suitability before bidding.
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