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15 bed property
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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.