Student residence with commercial space on the ground floor in Nottingham.
Description
Four-story historical building:
- 20 student apartments: 18 studios and 2 one-room apartments. All apartments were completely renovated in 2018 and are equipped with kitchen and bathroom;
- commercial space on the ground and basement floors of the building
Tenure: Freehold.
Financial performance
The gross yield is 6.2%.
Tenants
All student apartments are fully rented annually.
The tenant of the commercial space is a bank with over 1000 branches in the UK. The lease was concluded until 2028.
Location and nearby infrastructure
The building is located in Nottingham. Nottingham is a historic city and regional capital of the East Midlands.
Nottingham Trent University is located in the immediate vicinity of the property, as well as a shopping center, public transportation, numerous shops and cafes.
