19 bed detached house for sale

Magdala Road, Nottingham NG3

Substantial period investment building...
A substantial and imposing period property, currently arranged as five self-contained apartments, offering an established investment opportunity in a highly sought-after residential setting.

The building has been thoughtfully converted to provide four spacious four-bedroom apartments and one three-bedroom apartment, each benefiting from its own HMO licence and currently let to professional tenants. This established configuration provides a strong combination of scale, flexibility and existing rental income, making the property particularly well suited to investors seeking a substantial residential investment.
Established annual income

The property currently generates just under £98,000 per annum in rental income, providing an established and substantial income stream across the five separately licensed apartments.
With all five apartments currently occupied by professional tenants, the property offers an investor the opportunity to acquire an established, income-producing asset with the existing rental structure already in place.
Retaining an attractive wealth of period character, the building presents an impressive façade and considerable architectural presence, with generously proportioned accommodation arranged across the property. The individual apartments provide practical accommodation suited to the professional rental market, whilst the overall scale of the building creates an investment opportunity rarely available in such a prominent period property.
Each of the five apartments is separately HMO licensed, providing a clear and established rental structure. The property therefore combines the character and presence of a substantial period building with the income-generating potential of five independently operated apartments.
The property may also offer longer-term investors the opportunity to review the existing configuration and consider future potential, subject to the necessary planning, licensing and statutory consents.

Location

Mapperley Park is a sought after conservation area within easy reach of Nottingham City Centre, this combination means the rental demand in the area has remained strong with professional tenants

Disclaimer Note & Money Laundering

These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have not been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.

Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. Passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.