9-bedroom flat · NG7 4AH
To rentListed 281 days · slow let
Opportunity summary
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About
Entire Building For Let - A Prominent Detached Newly Refurbished Block Of 8 Ready Made Luxury Self Contained Apartments In A Very Strong Rental Demand Area On The Doorstep Of Nottingham City Centre A Prominent Detached Block Of 8 Luxury Apartments The opportunity has arisen to acquire a prominent detached, ready to go, very substantial trophy building formerly a bank, perfectly situated for Nottingham city centre, Nottingham Trent University and array of local amenities, compromising of 8 luxury apartments set across 3 floors.
Each apartment along with communal areas have been newly fully refurbished to an exceptional standard, with the apartments arranged to provide 1 x studio apartment, 1 x two bedroom apartments and 6 x one bedroom apartments.
Each apartment benefits from it's own utility and electricity meters along with individual digital intercom access.
The building itself benefits from the latest cctv security cameras, with a dedicated server room to the basement, along with secure mail letter boxes for each individual apartment.
Apartment 1 Ground floor apartment with open plan lounge and high finish kitchen, separate bedroom, new no expense spared double glazed UPVC sash windows and ensuite bathroom comprising of a three piece suite.
LED lighting throughout, electrical wall mounted heaters with wireless mobile phone control functionality. Dedicated intercom, and separate metering for electric and water.
Apartment 2 Ground floor apartment with open plan lounge and high finish kitchen, separate bedroom, new no expense spared double glazed UPVC sash windows and ensuite bathroom comprising of a three piece suites.
LED lighting throughout, electrical wall mounted heaters with wireless mobile phone control functionality. Dedicated intercom, and separate metering for electric and water.
Apartment 3 Ground floor apartment with open plan lounge and high finish kitchen, separate 2 bedrooms with new no expense spared double glazed UPVC sash windows and bathroom comprising of a three piece suite.
LED lighting throughout, electrical wall mounted heaters with wireless mobile phone control functionality. Dedicated intercom, and separate metering for electric and water.
Apartment 4 First floor apartment with open plan lounge and high finish kitchen, separate bedroom, new no expense spared double glazed UPVC sash windows and bathroom suite comprising three piece suites.
LED lighting throughout, electrical wall mounted heaters with wireless mobile phone control functionality. Dedicated intercom, and separate metering for electric and water.
Apartment 5 First floor apartment with open plan lounge and high finish kitchen, separate bedroom, new no expense spared double glazed UPVC sash windows and ensuite bathroom comprising three piece suites.
LED lighting throughout, electrical wall mounted heaters with wireless mobile phone control functionality. Dedicated intercom, and separate metering for electric and water.
Apartment 6 First floor apartment with open plan lounge and high finish kitchen, separate bedroom, new no expense spared double glazed UPVC sash windows and bathroom suite comprising three piece suites.
LED lighting throughout, electrical wall mounted heaters with wireless mobile phone control functionality. Dedicated intercom, and separate metering for electric and water.
Apartment 7 First floor apartment with open plan lounge and high finish kitchen, bedroom, new no expense spared double glazed UPVC sash windows and bathroom suite comprising three piece suites.
LED lighting throughout, electrical wall mounted heaters with wireless mobile phone control functionality. Dedicated intercom, and separate metering for electric and water.
Apartment 8 Second floor apartment with open plan lounge and high finish kitchen, separate bedroom, new no expense spared double glazed UPVC sash windows and bathroom suite comprising three piece suites.
LED lighting throughout, electrical wall mounted heaters with wireless mobile phone control functionality. Dedicated intercom, and separate metering for electric and water.
Price Guidance The property is available to rent at a guide price of £92,500. EPC Each of the apartments have separate EPC's with ratings ranging from C to D.
A full list of the EPC's for each individual apartment is available upon request.
Location Nottingham city centre and surrounding areas over the past decade has seen a substantial rise in affluence and investment, becoming a hub of prosperity and prestige.
With it being home to two major universities, University of Nottingham and Trent University, one of the largest hospitals in the UK, qmc, and hub for major companies looking for a more centralised position as a whole in the UK, it is little wonder why we seeing significant change for the better in this area.
The property itself is positioned on the door step of the city centre, Peverill St just off A610 Alfreton Road, one of the main arteries to and from the centre.
Just 1.6 miles from one of the UK's largest hospitals qmc, a very short walking distance of under 0.6 miles from Nottingham Trent University and just 1.7 miles from the University of Nottingham.
Nottingham city railway station a mere 1.4 miles away.
An array of excellent local amenities for all ages can be found nearby including a bus stop directly outside the building, with access to the M1, and other major travelling routes as little as a few miles away.
Pertinent Information Tenure: Long Lease Local Authority: Nottingham City Council VAT: We understand there to be no VAT applicable Services Mains electricity, drainage and water are understood to be connected.
Local Authority Nottingham City Council Important Information Property Particulars: Although we endeavour to ensure the accuracy of property details we have not tested any services heating plumbing equipment or apparatus fixtures or fittings and no guarantee can be given or implied that they are connected in working order or fit for purpose.
We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor.
Any proposed rental figures are speculative based on comparable market data and knowledge of the local rental market. These values should not be relied upon.
Floor Plans: Please note that if a floor plan is included within property particulars it is intended to show the relationship between rooms and does not reflect exact dimensions or indeed seek to exactly replicate the layout of the property.
Floor plans are produced for guidance only and are not to scale.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Bank Apartments, Peveril Street, Nottingham
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