106-108 Sneinton Boulevard, Nottingham, NG2 4FJ

Description

An opportunity to acquire a freehold block of 4 x 1-bedroom flats located in a prominent position in the heart of Sneinton. Fully let and producing £27,972 pa. An opportunity to acquire a freehold block of 4 x 1-bedroom flats

Accommodation / Key Property Details

• Located in a prominent position in the heart of Sneinton
• Fully let and producing £27,972 pa. An opportunity to acquire a freehold block of 4 x 1-bedroom flats located in a prominent position in the heart of Sneinton. Fully let and producing £27,972 pa.
• Freehold block of 4 x 1 bedroom flats
• Located on a quiet and well established residential road
• Situated less than one mile from Nottingham City Centre
• A short walk to local amenities: pubs, restaurants & shops
• Excellent transport links to Nottingham City Centre
• Approx. 5 minute drive to Nottingham City Train Station
• Within catchment area for both primary & secondary schools

Location

106-108 Sneinton Boulevard, Nottingham, NG2 4FJ

Tenure

Freehold; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.

Auction Information

Investment Analysis

Investment Snapshot

Market Comparables

The auction particulars are the primary factual source for this sheet. HB value screens are desktop estimates only. Before bidding, verify recent Land Registry sales or specialist commercial/land transactions matching the same micro-location, tenure, size, condition and use.

Proposed Works

HB desktop allowance: £23,000. Confirm scope through inspection, survey and contractor/QS pricing.

Rental Value

£27,972 pa (source particulars), equivalent to a 14.3% gross yield on the guide price.

Low / Base / High Investment Scenario

Specialist Commercial Analysis

Verify occupational leases/licences, rent collection, repairing obligations, VAT/business rates, service costs, covenant strength, access and title. ERV is not the same as achieved rent.

Maximum Bid Indicator

Capitalise verified sustainable income at an appropriate yield and deduct buyer premium, works, legal/professional, finance, holding, contingency and required return. SDLT/tax treatment is buyer-specific.

Strategy Recommendation

Income hold/value-add where passing rent and covenant support it; redevelopment only where planning/title evidence supports the alternative use.

Strategy Rating

Income Hold: ★★★★☆ | Value-Add: ★★★☆☆ | Development: ★★☆☆☆

Key Risks

Property is recorded as Sold Prior; Legal-pack special conditions and seller fees; Physical condition and valuation/finance risk.

Analysis Confidence

High for facts directly reproduced from the Auction Estates particulars; medium/low for HB desktop works/value assumptions until direct comparable research, inspection, survey, legal-pack review and contractor/QS pricing are completed.