£1,690,000
(£319/sq. ft)
16 bed block of flats for saleHalifax Place, The Lace Market, Nottingham NG1
16 beds
16 baths
5 receptions
5,300 sq. ft
EPC Rating: C
About this property
•Prime Lace Market Location: Situated in one of Nottingham's most sought-after and vibrant areas.
•Substantial Annual Income: Currently generating £12,123 per month.
•Fully Converted & Modern: A recently renovated property requiring no immediate works.
•Diverse Apartment Configuration: Comprising 16 en-suite bedrooms across 2 x 5-bedroom and 3 x 2-bedroom apartments.
•Self-Contained Units: Each apartment features a private kitchen, living area, and heating.
•High Demand Tenants: Appealing to both young professionals and students seeking quality central accommodation.
•Fully Let Until Summer 2026: Ensures immediate and stable rental income.
•Secure & Convenient Amenities: Includes a secure entry system, resident mailboxes, office, and utility cupboard.
•Freehold Held in Limited Company: Potential for significant stamp duty savings (up to £116,500 – subject to professional advice).
•Turnkey Investment: A rare opportunity to acquire a fully operational and profitable asset.
MS Estates is delighted to present a remarkable, recently converted freehold investment property, ideally situated in the vibrant heart of The Lace Market, Nottingham. This exceptional building, 100 Halifax Place, offers a lucrative opportunity for investors seeking a ready-made, high-yielding asset with no immediate works required.
The property generates a substantial £12,123 per month in rental income. It comprises 16 en-suite bedrooms, cleverly configured into two five-bedroom apartments and three two-bedroom apartments. Each apartment boasts its own fully equipped kitchen, comfortable living area, and independent heating system. These units are highly attractive to both young professionals and students, offering flexible, all-inclusive terms and premium accommodation in a prime central location.
Further enhancing its appeal, the property features a secure entrance lobby with a secure entry system, individual resident mailboxes, a small office, and a utility cupboard. While off-street parking is available, it is currently not offered to tenants. All apartments are presently let to students until Summer 2026, providing consistent and reliable income.
This is also a unique opportunity to acquire the freehold building, which is held within a limited company. This structure may offer significant stamp duty savings for purchasers, potentially as much as £116,500 (purchasers should seek independent advice from their accountants or solicitors regarding this benefit).
.png){kind=logo}