3 bed flat for sale

Nottingham One, Nottingham NG1

A substantial and comprehensively refurbished three-bedroom duplex penthouse apartment with two private terraces and one allocated underground parking space, positioned within the landmark Nottingham One development in the heart of the city centre.

Extending across the 5th and 6th floors, this impressive apartment offers generous proportions, excellent natural light and far-reaching views. The property is currently let at £1,750 pcm (£21,000 per annum), providing immediate income for investors. Alternative units within the same development are also available from the same vendor, including options suitable for buyers seeking vacant possession.
A full video walkthrough is available upon request.

Condition & Specification
The apartment has recently undergone refurbishment and is offered in excellent condition throughout, including:
•Newly fitted carpets to all bedrooms
•Newly installed oak work surface in the kitchen
•Freshly painted throughout
•Underfloor heating
•Built-in wardrobes to all three bedrooms
The result is a bright, modern and well-presented living environment ready for immediate occupation or continued letting.

Accommodation
The property is arranged over two floors, offering a practical and well-balanced layout.
Fifth Floor
•Entrance hallway
•Two generous double bedrooms, both with access to a south-facing terrace overlooking the canal
•Modern family bathroom with shower over bath
•Useful understairs storage
Both bedrooms benefit from new carpeting and strong natural light.
Sixth Floor
A staircase leads to an impressive dual-aspect open-plan living, dining and kitchen space. Floor-to-ceiling glazing maximises light and provides access to a second private terrace with elevated views towards Nottingham Castle and the Lace Market.

The kitchen has been enhanced with a newly fitted oak work surface alongside integrated appliances and contemporary cabinetry.

The principal bedroom is located on this level and benefits from a dressing area and an en-suite shower room, offering separation from the remaining bedrooms below.
The property further benefits from one allocated space within the secure underground car park.

Investment Overview
Asking Price: £219,950
Current Rent: £1,750 pcm (£21,000 per annum)
Gross Yield: 9.55%
Annual Service Charge (01/04/2025 – 31/03/2026):
•Residential: £3,112.90
•Estate: £1,197.28
•Car Park: £264.96
Total: £4,575.14 per annum
Ground Rent: £471 per annum
Total Fixed Annual Costs: £5,046.14
Net Income (before tax and management): £15,953.86 per annum
Net Yield (before tax): 7.26%

Location
Nottingham One is a well-regarded modern development on Canal Street, ideally positioned within walking distance of:
•Nottingham Train Station
•The Lace Market and Hockley
•Nottingham Castle
•A wide range of restaurants, bars and retail amenities
Its central location and strong specification make it consistently attractive to professional tenants and city centre residents.

Tenure (Vendor Advised)
Lease Term: 125 years from April 2009
Approximate Lease Remaining: 108 years
Ground Rent: £471 per annum
EWS1 Certificate: Available - A2 Rated

A rare opportunity to acquire a refurbished duplex penthouse in turnkey condition, with secure parking and strong rental fundamentals in one of Nottingham’s most established city centre developments.

Further units within the block are available from the same vendor.

Viewings are highly recommended.