Summary - Daniels Quarters, Woodborough Road, Nottingham NG3 5FS
1 bed 1 bath Apartment
Immediate income-producing block with modern interiors and clear upside.
- Ten refurbished apartments, all currently let
- Gross income £111,660 pa plus £6,000 service charge
- Advertised net yield 8.00% after purchase costs
- Freehold ownership offering direct control
- Compact apartment layouts; limited internal space
- Tenants pay their own utilities (electricity, water, Wi‑Fi)
- Local crime rated high; review security and management
- Purchaser to verify fixtures; no warranties provided
A fully refurbished block of ten self-contained apartments in sought-after Mapperley, about two miles from Nottingham city centre. All units are currently let, producing a gross income of £111,660 pa plus a £6,000 service charge, with an advertised net yield of 8.00% after acquisition costs.
The building is a Victorian mixed-use conversion with period character to the exterior and modern interiors. Apartments are compact and recently renovated with fitted kitchens and tenant-responsible utilities, which keeps ongoing outgoings simple. The freehold sale offers hands-on control of the asset.
Notable considerations include a reported £6,000 annual service charge despite the freehold description, and local crime levels rated as high; purchasers should verify management and security arrangements. Prospective buyers should carry out full due diligence (electrical, structural and tenancy checks) because fixtures and services are offered without warranty. This asset suits an investor seeking immediate rental income and straightforward management in a busy, well-connected Mapperley location.
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