HMO opportunity, fully let for the current academic year, with scope to increase rents within Lenton's golden triangle.
This property holds a HMO license with scope to increase occupancy and income and holds a certificate of lawful use, within Nottingham City's article 4 area. Subject to guaranteed rent contract to 2029, however, option to buy out for purchaser to achieve full rental income if desired.
Ideally located for student demand being less than 1 mile to the city centre, Nottingham Trent University, University of Nottingham and Queens Medical Centre. On the border of the highly sought after Park Estate.
Potential annual rent of £34,000 - £35,500
Currently let for the 2025/2026 academic year 1/9/2025 - 31/8/2026 to a group of 4 x tenants.
Annual current rent: £28,157.12
Fully Furnished, Inclusive of bills
Opportunity to increase rental income for 2026/2027
Licensed for 5 Bedrooms, up to 6 x Occupants
Subject to compliance with license conditions
Potential rent as 5 bed/6 Occupant, based on the following:
2 x Double Rooms for single occupancy £125 pw
1 x Double Room for double occupancy £135pw (£166 pw for couple)
2 x Ensuite Double Rooms for single occupancy £135pw
Living/Dining - 3.3 x 3.7 sqm. 12.21sqm.
Bed 1 - 3.6m x 3.4m. 12.24sqm.
Kitchen - 2.9m x 3.8m. 11.02sqm.
Downstairs bathroom - 2m x 1.8m. 3.6sqm
1st Floor
Bed 2 - 3.4m x 4.7m - 15.98sqm.
Bed 3 - 3.3m x 2.8m 9.24sqm.
Bed 4/Utility/bath 3.8 x 2.9 - 11.02sqm.
Top Floor
Bed 5 - 3.6m x 3.4m - 12.6sqm + store cupboard 2sqm.
Tenure: Freehold