A distinctive property in Hyson Green with 23 bedrooms has gone on the market with a guide price of £1.5m. The property in St Paul's Avenue, off Gregory Bouelvard, has 13 self contained apartments spread across five floors.
There are 23 bedrooms in the gothic-style converted building, with 10 of the apartments having two bedrooms and the remaining three having one bedroom. It has been described on a Rightmove listing a 'fantastic investment opportunity', and many character features remain in the converted building. The property is being marketed by David James Estate Agents, a company with offices based in and around the city. Although the building is within 0.2 miles to three different tram stops, and close to other public transport, there is also a secure parking area with 14 parking bays. There is also a storage area and cycle store area at the building.
Each of the apartments are currently let on an assured shorthold tenancy. The building has a current gross annual rental income of £111,660, with apartments paying between £550 and £740 in rent each month.