Nottingham NG7 Block of apartments for sale

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Nottingham NG7 Block of apartments for sale

Alfreton Road, Nottingham, NG7 3NG
£4,250,000

Our Summary

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

Description

Dwell City Living offers a unique investment opportunity in Nottingham's vibrant hospitality market. This modern 35-bedroom apart-hotel, located in the heart of the city, combines stylish accommodation with a cutting-edge electronic guest service system, providing a seamless experience for leisure and corporate guests. The property is fully managed by a third-party company, minimizing maintenance and housekeeping responsibilities for the investor. With an average daily room rate ranging from £55 to £99, the apart-hotel generates a net profit of approximately £337,525 per annum, offering a strong net yield of 7.9% before purchaser's costs. The property's prime location, near Nottingham city centre, attracts a diverse clientele, including students' families, corporate travellers, and leisure guests, making it an attractive investment opportunity for those seeking a hassle-free income stream.