Studio for sale

Wallis Street, Nottingham, Nottinghamshire NG6

High-Yield Mixed-Use Investment Producing £48,120 p.a. | 10%+ Yield | Development Potential | Modern Method Auction

An excellent opportunity to acquire a high-yielding mixed-use investment comprising 4 residential units and 8 commercial/storage units, currently producing approximately £48,120 per annum, reflecting a gross yield of circa 10.7%!

The property has a secure, self-contained yard, accessed via an archway beneath one of the residential flats, offering a discreet and well-managed environment attractive to tenants.
The residential accommodation includes:
• Three x 2-bedroom flats
• One x 1-bedroom mews flat (currently under-rented).

Investment Highlights:
• Current income: £48,120 per annum
• Strong gross yield (c.10.7%)
• Scope to increase rents (undervalued units identified)
• Potential development opportunities (subject to planning)
• Secure, gated yard with CCTV

Asset Management Opportunities:
• The Mews Flat and Units 4–6 are currently let at below market rent, presenting immediate reversionary potential
• Potential to optimise layout, rental structure, or explore redevelopment (STPP)
Accommodation & Income Breakdown:
• Flat 54A – 2 bed – £10,080 p.a.
• Flat 54B – 2 bed – £9,540 p.a.
• Flat 58 – 2 bed – £8,400 p.a.
• Mews Flat – 1 bed – £2,820 p.a. (under-rented)
• Units 1–3 – £3,900 p.a.
• Units 4–6 – £1,980 p.a. (under-rented)
• Units 7–8 – £11,400 p.a.
Total Income: £48,120 per annum
Additional Information:
• Flat 54B and Flat 58 benefit from direct street access
• All other units accessed via the internal yard
• Established access rights via archway

auction:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Agents note:
We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate. In line with The Money Laundering Regulations 2007 we are duty bound to carry out due diligence on all our clients to confirm their identity. Rather than traditional methods in which you would have to produce multiple utility bills and a photographic id we use an electronic verification system. This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history.

Fixtures and fittings:
All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.