Offers over
£90,000
1 bed flat for saleThe Litmus Building, Nottingham NG1
1 bed
1 bath
EPC Rating: C
About this property
Tenants in Situ
Investment Property
Achieving £975 Monthly Rent
11%+ Yield
Popular Area for Renters
Excellent On-site Facilities
Ground Rent - £250pa
Service Charge £3,600pa
Long Lease - 980 Years
A ready-made investment opportunity located within a consistently strong rental area in Nottingham city centre, currently generating approximately £900 pcm from reliable long-term tenants with no arrears history, offering a secure income-producing asset from day one.
Priced competitively below comparable market value due to seller motivation, the property offers investors immediate equity alongside a projected yield of over 12%. Comparable rental properties within the NG1 3NY area and wider Nottingham city centre market are achieving approximately £900–£1,300 pcm, reflecting strong demand driven by students, young professionals and city-based tenants seeking central, low-maintenance accommodation.
The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any portfolio. The Litmus Building benefits from a prime city centre location close to Nottingham’s universities, retail districts, transport links and employment hubs, ensuring consistently high occupancy levels and strong long-term rental growth potential.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
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More information
Tenure
Leasehold (970 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
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