8 Apartment Portfolio, The Axis, Wollaton Street, Nottingham, NG1 5FW

Flat in Nottingham, 16 bedroom(s), 16 bathroom(s). Located in NG1 5FW. For sale: £1,376,000. PROPERTY SUMMARY A rare opportunity to acquire a fully occupied portfolio of eight apartments within The Axis, 43 Wollaton Street, Nottingham, offering an established income-producing investment in a highly central NG1 location. All eight apartments are currently occupied, providing an incoming purchaser with an established portfolio and rental income already being generated across the entire holding. This makes the sale particularly well suited to investors seeking an immediate investment rather than acquiring individual vacant apartments and arranging separate lettings following completion. A further major benefit is the inclusion of eight allocated parking spaces, effectively providing one parking space per apartment. For a city-centre portfolio, this is a particularly valuable feature and adds another point of difference for prospective tenants, especially professionals who require convenient parking alongside central access. The portfolio is especially attractive due to all eight properties being positioned within the same development, allowing an investor to build a substantial holding in one building. From an ongoing management perspective, this provides clear practical benefits, with inspections, maintenance, contractor access and general portfolio management concentrated within a single location. The apartments provide modern city-centre accommodation with layouts designed around contemporary living. Across the portfolio are well-proportioned bedrooms, open-plan kitchen and living areas, modern bathroom facilities and, within selected apartments, private balconies providing elevated views across Nottingham. Several of the properties offer distinctive duplex accommodation, with bedroom and bathroom facilities arranged separately from generous open-plan living areas. This creates a more substantial feeling of space than is often associated with traditional city-centre apartments and offers practical separation between living and sleeping accommodation. The kitchens are finished in a contemporary style with fitted cabinetry, contrasting work surfaces and integrated appliances, while the principal living areas provide generous space for both lounge and dining furniture. Large areas of glazing across a number of the apartments allow excellent natural light and complement the elevated position within the development. Bedrooms are generally well proportioned and suitable for the professional, graduate and city-centre rental markets. Certain apartments also benefit from both a main bathroom and an additional shower room, providing a particularly useful arrangement for couples and professional sharers. The inclusion of eight allocated parking spaces across the portfolio further strengthens the investment proposition. Parking is often at a premium within Nottingham city centre, so having dedicated spaces attached to the apartments can support tenant appeal and help differentiate the properties from competing rental stock. A further important feature of the portfolio is the potential opportunity to acquire the limited company which owns the eight apartments, rather than purchasing each property individually. Depending on the purchaser's circumstances and the structure of the transaction, a company share purchase could offer significant potential savings in acquisition taxes compared with a direct purchase of eight properties. Any purchaser considering this route should obtain independent legal, accounting and specialist tax advice before proceeding. With 100% occupancy across all eight apartments, the portfolio provides an established rental proposition from the outset. The combination of multiple properties within one building, existing tenants, eight allocated parking spaces, modern accommodation and a prominent Nottingham city-centre position creates an unusual opportunity for an investor seeking to acquire a sizeable portfolio in a single transaction. Rather than assembling eight individual investments over time, the purchaser has the opportunity to secure an established holding within The Axis immediately, with the additional benefits of full occupancy and dedicated parking across the portfolio. LOCATION SUMMARY The Axis occupies a prominent position on Wollaton Street in Nottingham city centre, placing the portfolio within easy reach of the city's principal employment, education, retail, leisure and transport facilities. The development is particularly well positioned for Nottingham Trent University's City Campus, supporting demand from students, graduates and young professionals, while Nottingham's wider city centre provides a substantial employment base across professional services, retail, hospitality, education and numerous other sectors. Residents have an extensive choice of shops, supermarkets, cafés, restaurants, bars and entertainment facilities within walking distance, making the location particularly…

Price: £1,376,000.00

Location: Nottingham, NG1 5FW

Published by John Milne on OmniList.