8 bedroom apartment for sale

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8 bedroom apartment for sale

2 South Parade, Nottingham, NG1
£850,000

Price History

Initial price £925,000
30/05/25 £850,000
Price Change -8.11%

Description

This portfolio consists of four two-bedroom apartments within The Lambs Building in Nottingham City Centre, offering fantastic views of Market Square and generating an annual rent roll of £72,000. The apartments are currently occupied until August/September 2025 and will be sold furnished, having been successfully let since 2018. The property benefits from a 7% gross rental yield and is leasehold with 250 years remaining from 2018. The apartments are in good condition, having been recently repainted, and come with kitchen appliances included. The service charge and ground rent are £1514.36 and £300 per year, respectively. With a strong rental income and excellent location, this is a fantastic opportunity for an investor to own a portfolio of apartments in the heart of the city.