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15 bed property, in Lenton Boulevard & Derby Road, £1,138,000
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15 bed property

Lenton Boulevard & Derby Road, Nottingham
Planning
£1,138,000

Our Summary

  • Planning permission was previously granted (now expired) for a substantial downstairs kitchen extension into the car park alongside an additional bathroom
  • An incoming purchaser can reinstate this to convert the existing lounge into an 8th double bedroom, significantly driving up the capital value and future rental yield or build a new block in the car park (STP)

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Description

The property is a pair of adjoining buildings in a prime location in Lenton, Nottingham, known as "The Turret Properties." The main building, 115 Lenton Boulevard, is an 8-bedroom premium HMO with a gated off-street car park, substantial double bedrooms, three shower rooms, a large kitchen, and a dedicated communal living room. The second building, 259 Derby Road, is a 7-bedroom premium HMO with off-street parking for up to 8 vehicles and a communal lounge. Both properties offer excellent views and are directly adjacent to key amenities, including a supermarket, cinema, and recreation ground, and are located on the primary transit corridor between the University of Nottingham and Nottingham Trent University.

The properties have a long history of 100% student occupancy, with 13 consecutive years of uninterrupted occupation.