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. In an example of the wide range of property in the area, it is less than a five minute walk from a one-bedroom flat for sale for £75k in High Point on Noel Street.
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.
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