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Serviced studio apartment for sale
Alfreton Road, Nottingham, NG7 3NG
£4,250,000
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
This exceptional 35-bedroom apart-hotel in Nottingham's Canning Circus district offers a rare investment opportunity in the thriving hospitality market. The property combines stylish accommodation with a fully electronic guest service system, providing a seamless experience for guests. The ground floor is occupied by a well-established restaurant, adding vibrancy and visibility to the property. The apart-hotel is fully managed by a third-party company, creating a low-maintenance operational model. With average daily room rates ranging from £55 to £99, the property generates a net profit of approximately £337,525 per annum, offering a strong net yield of 7.9% before purchaser's costs. The building is held within a single-asset company structure, and profits are adjusted for management charges. The property's excellent location at the edge of Nottingham's central core provides easy access to the city's retail, business, and cultural amenities, as well as its two universities, ensuring year-round demand from visiting families, academics, and students alike.