North Sherwood exterior
Guide price £2,000,000

212 North Sherwood StreetNottingham, NG1 4EN

  • Under offer

Key features

  • Prime location for Nottingham Trent University within The Arboretum
  • Modern House in Multiple Occupation (HMO) development
  • A row of 5 HMOs each with 8 bedrooms, totalling 40 bedrooms
  • HMO Licensed Properties
  • Passing 2018/2019 rent of £168,000 pa
  • Gross Initial Yield of approximately 8.40% (7.75% excluding bills)
  • Full occupancy rent of £182,400 pa

Student accommodation investment opportunity in prime location for Nottingham Trent University within The Arboretum.

About this property

  • The Property comprises five adjacent blocks of almost identical eight bedroom HMOs which are road facing with rear shared gardens. In total there are 40 bedrooms with one bath/shower room per four bedrooms. Each block has the same accommodation to include: to the ground floor a shared dining/kitchen, separate living room and cloakroom; to the first floor, three bedrooms and a bathroom; to the second floor there are three further bedrooms and a shower room and to the third floor there are two bedrooms. Each bedroom is a double and extends to an average of approximately 9.33 sq m (100 sq ft). We understand that the Property was built in 2001 of brick facing elevations incorporating double glazed aluminium powder coated windows under a pitched tiled roof including skylights. The kitchens were replaced and the properties re carpeted in 2016 - 2018.

Local information

  • Located in the centre of the UK, Nottingham is served by three junctions of the M1 motorway (24 – 26). The City is directly linked to the Midland Mainline (London St Pancras 1 hour 45 minutes), Nottingham East Midlands Airport provides direct flights to 90 international destinations and the City’s modern tram system
  • carries an estimated 9.5 million passengers every year.
  • The City attracts a number of international corporations with over 50 Regional and National headquarters based in the City. Nottingham is the home to Walgreens Boots Alliance, Experian, E.ON UK, Gala Group, Siemens, Speedo, Vision Express, Games Workshop, Capital One and Paul Smith.
  • There are two world renowned universities, The University of Nottingham and Nottingham Trent University with a combined 61,890 student population of which 54,640 (88%) are full-time in Nottingham. Of this, circa 20% are international students.
  • The Property is prime, located within the Arboretum, which is one of two prime areas for HMOs within Nottingham, the other being Lenton. The Arboretum serves principally the Nottingham Trent University student population due to it being located adjacent to its city campus.