6 bed property for sale

Barrack Lane, Nottingham, Nottinghamshire NG7

Prime investment opportunity in prestigious the park

Guide Price: £425,000 | Rental Income: £3,235 per month | Freehold | 4 x Apartments | 2 x 605 sq.ft | 2 x 1134 sq.ft

please note does not include the 2 X shops both with A floor above. Is the three storey bay fronted flying freehold above consisting of X 4 self contained flats.
Exceptional location

Discover this remarkable investment property in the heart of Nottingham's most prestigious residential area, The Park. Perfectly positioned overlooking Derby Road with enviable views, this unique building sits moments from Park Stores and benefits from excellent transport connectivity. Multiple bus routes provide seamless access to Queen Medical Centre, both Nottingham University and Nottingham Trent University, and the vibrant city centre - making this an ideal location for professional tenants and students alike.
Distinctive architectural features

This captivating three-storey Victorian conversion showcases exceptional character with its unique "Flying Freehold" design.
Premium accommodation - four fully tenanted apartments

Apartment One - £795 pcm | Council Tax Band A - 605 sq.ft
Sophisticated One-Bedroom Ground Floor Apartment

Expansive open-plan living room seamlessly integrated with modern fitted kitchen
Stunning double-glazed bay window flooding the space with natural light
Contemporary appliances including integrated cooker and fridge
Generous double bedroom with convenient utility room access
Well-appointed bathroom featuring shower over bath
Private dual access via both walled courtyard and central hallway

Apartment Two - £795 pcm | Council Tax Band B
Spectacular Two-Bedroom Duplex with Panoramic Views - 1134 sq.ft

First Floor: Spacious living room with magnificent bay window overlooking Derby Road
Recently renovated dining kitchen with contemporary finishes
Luxurious bathroom with separate shower installation
Second Floor: Two comfortable bedrooms, with the front bedroom boasting incredible panoramic views
Additional study/storage room for versatility

Apartment Three - £850 pcm | Council Tax Band B - 1134 sq.ft
Premium Two-Bedroom Duplex

First Floor: Generous living room featuring elegant bay window with Derby Road outlook
Beautifully refitted dining kitchen with modern appointments
Contemporary bathroom with bath and separate shower
Second Floor: Two well-proportioned bedrooms, front bedroom offering spectacular views
Thoughtfully designed layout maximizing space and light

Apartment Four - £795 pcm | Council Tax Band A - 605 sq.ft
Charming One-Bedroom Ground Floor Residence

Attractive living room with fitted kitchen featuring characterful fireplace surround
Bay window creating bright, welcoming atmosphere
Built-in appliances including cooker and fridge
Comfortable double bedroom with convenient storage solutions
Private rear entrance with secure letterbox facility
Modern bathroom with electric shower and quality wall tiling
Premium features & modern conveniences

Safety & Security

Comprehensive interlinked fire alarm system throughout
Individual smoke alarms in each apartment
Secure private walled courtyard

Comfort & Efficiency

Gas central heating in all apartments
Double glazing throughout for energy efficiency and noise reduction
Quality fitted floor coverings (carpets and vinyl)
Recently updated kitchens and bathrooms
White goods and select furnishing included (full inventories available)

Practical Amenities

Private walled courtyard providing outdoor space
Single garage currently utilized as bicycle storage
Discrete bin storage area
On-street parking available with resident permit system

Essential Services

Mains gas, water, electricity, and drainage to all apartments
Dedicated landlord electricity supply for common areas and fire safety systems
Outstanding investment credentials

Financial Performance

Total Monthly Rental Income: £3,235
Annual Rental Yield: Approximately 9.1% gross
Established Tenancy Portfolio: All apartments currently let on Assured Shorthold Tenancies
Strong Rental Demand: Prime location ensures consistent tenant interest

Flexible Purchase Options

Freehold Purchase: Guide Price of £425,000 for direct property ownership.

Company Share Purchase: Acquire via existing Limited Company structure (includes company cash reserves - preferred disposal method)

Additional Benefits

Individual Energy Performance Certificates for each apartment
Nottingham City Council jurisdiction
Varied council tax bands optimizing tenant affordability
The Park's prestigious address commands premium rental rates
The park advantage

The Park remains Nottingham's most sought-after residential enclave, combining Victorian elegance with modern convenience. This exclusive area attracts discerning professionals, academics, and students who value quality accommodation in a prime location. The property's proximity to both universities, medical facilities, and transport links ensures strong, sustained rental demand.

This exceptional investment opportunity combines character, location, and proven rental performance - ideal for experienced property investors seeking a premium addition to their portfolio. Sold with tenants in situ.

Agents Disclaimer: Rex Gooding, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents. Rex Gooding have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.

Purchaser information - The Money Laundering, Terrorist Financing and Transfer of Funds(Information on the Payer) Regulations 2017(mlr 2017) came into force on 26 June 2017. Rex Gooding require any successful purchasers proceeding with a property to provide two forms of identification i.e. Passport or photocard driving license and a recent utility bill or bank statement. We are also required to obtain proof of funds and provide evidence of where the funds originated from. This evidence will be required prior to Rex Gooding removing a property from the market and instructing solicitors for your purchase.

Third Party Referral Arrangements – Rex Gooding have established professional relationships with third-party suppliers for the provision of services to Clients. As remuneration for this professional relationship, the agent receives referral commission from the third-party companies. Details are available upon request.