Historic Nottingham property offers unmatched investment opportunity

Nottingham – A rare investment opportunity has emerged in the heart of Nottingham, where a historic Grade II listed building is attracting significant attention from discerning investors. This iconic property, blending period charm with modern rental appeal, offers a unique gateway to strong rental yields and long-term capital appreciation in a thriving urban market.

A Rich Tapestry of History and Modern Functionality

Originally constructed with traditional architectural details that underscore its historic significance, the building has been meticulously preserved to maintain its period features while incorporating modern amenities. Its Grade II listing not only highlights its cultural importance but also ensures that any investment contributes to the conservation of local heritage.

Comprehensive Accommodation and Layout

The property is thoughtfully arranged into 15 well-appointed letting rooms, all of which are fully rented, making it an ideal prospect for professionals and students. A detailed breakdown of the accommodation is as follows:

Ground Floor:

Features five letting rooms, four of which include en-suite facilities for added privacy and convenience.

First Floor:

Comprises five spacious letting rooms, each fitted with its own en-suite toilet, supported by a shared bathroom.

Second Floor:

Houses five well-appointed letting rooms, each with an en-suite toilet, along with a shared bathroom to ensure comfort and efficiency.

Beyond the interior spaces, the property includes a beautifully maintained garden—a rare urban retreat that enhances tenant satisfaction and adds significant appeal to the building.

Additional Features: Dual Basements with Exciting Potential

Adding to its investment allure, the property boasts two large basements with separate entrances located at the front of the building on Mansfield Road. These versatile spaces present a unique opportunity for development:

Change of Use Potential:

Subject to planning permission, these basements could be transformed for leisure (A leisure space (e.g., yoga studio, gym, or wellness rooms) A boutique café, wine cellar, or art gallery Any use that complements and enhances the building’s historic character, adding to both tenant experience and long-term value) purposes or adapted to further enhance the historic character of the property. The conversion could create an attractive additional revenue stream while celebrating the building’s heritage through thoughtful design and adaptive reuse.

Investment Potential in a Thriving Market

Situated in one of Nottingham’s most desirable areas, this property benefits from excellent connectivity and proximity to key amenities, including transport links, local services, and prestigious educational institutions. The investment case is underpinned by several strong factors:

Stable, Fully-Rented Income:

With all 15 letting rooms fully occupied, the property delivers immediate, consistent cash flow, providing investors with a secure income stream.

Long-Term Growth Prospects:

Nottingham is experiencing robust economic and educational growth, driven by an expanding student population and a dynamic professional community. This ensures high occupancy rates and sustained rental demand.

Unique Heritage Appeal:

The Grade II listed status enhances the property’s cultural and aesthetic value, appealing to investors who appreciate a blend of historical charm and modern functionality.

Opportunity for Value Enhancement:

The dual basements, with their potential for leisure conversion or other innovative uses, add another layer of strategic flexibility. This can further enhance the overall value of the asset when paired with targeted property improvements and forward-thinking management initiatives.

The Broader Nottingham Market Context

Nottingham’s property market continues to thrive, supported by:

Rising Rental Yields:

Investors benefit from attractive yields as the local market experiences strong demand from both students and professionals.

Economic and Educational Growth:

The city’s burgeoning educational sector and vibrant business community drive demand for high-quality rental accommodations.

Urban Regeneration:

Ongoing infrastructure and local amenity enhancements make historic properties like this even more desirable in the competitive market.

Conclusion: An Opportunity Not to be Missed

For investors seeking a blend of heritage, modern functionality, and strong market fundamentals, this Grade II listed property represents a compelling opportunity. With its fully rented letting rooms, two large basements offering promising potential, and a prime Nottingham location, it stands out as a strategic investment in one of the city’s most dynamic areas.

For further details, including photographs, floor plans, and to arrange a viewing, please refer to the official Allsop and going to auction on 16th April 2025.