Summary - Flat 15/A Mills Building, Plumptre Street NG1 1JL
2 bed 1 bath Flat
Tenant-in-situ investment in Nottingham Lace Market, sold at auction.
Second-floor two-bedroom apartment with lift access
A well-located two-bedroom apartment in the converted Mills Building, positioned on the second floor with lift access and characterful industrial features. The bright open-plan reception room includes a fitted kitchen and three large sash windows that flood the space with light. Gas central heating and secondary glazing are in place, with communal services maintained for modern apartment living.
The property is currently let at £800 pcm and will be sold with tenants in situ, making this a straightforward investment purchase for a buyer seeking immediate rental income. The lease has 972 years remaining, providing long-term security for leasehold ownership.
Important costs and sale details: the service charge is £4,038.56 per year (above average) and the sale is by Modern Method of Auction. Buyers should budget for the non-refundable reservation fee (4.5% of the purchase price, minimum fee applies) and review the provided Buyer Information Pack prior to bidding.
Situated in Nottingham’s Lace Market, the building offers a central city location near transport, eateries and cultural amenities. The surrounding neighbourhood is a cosmopolitan, student-centred area with mixed demand; purchasers should note local deprivation indicators when assessing tenant mix and future rental growth.
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