Nottingham NG7 5 bed serviced apartment for sale

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Nottingham NG7 5 bed serviced apartment for sale

Nottingham NG7
£4,250,000

Our Summary

  • Dwell City Living offers an exceptional investment opportunity in Nottingham's thriving hospitality market

Description

This modern 35-bedroom apart-hotel in Nottingham's Canning Circus district offers a rare investment opportunity in the thriving hospitality market. The property is fully managed by a third-party company, with all maintenance and cleaning services outsourced, creating a low-maintenance operational model. The apart-hotel attracts a wide range of clientele, including corporate travelers, students' families, and leisure guests, and generates a net profit of approximately £337,525 per annum. With a gross turnover of circa £590,835, the property offers a strong net yield of 7.9% before purchaser's costs and a robust gross yield of 13.9%. The building is held within a single-asset company structure and is situated prominently at the edge of Nottingham's central core, with easy access to the city centre's retail, business, and cultural amenities.