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Flat
·
for sale
£ 8,000,000
62 bedroom block of apartments for sale
Lowmoor Road NG17 Nottingham
· 50 Baths · Flat
Lowmoor Road NG17 Nottingham · 50 Baths · Flat
CLOCK TOWER APARTMENTSROCK VALLEY, MANSFIELD50-APARTMENT FORWARD PURCHASE AND INVESTMENT OPPORTUNITYAn opportunity to acquire the proposed Clock Tower Apartments, a substantial 50-apartment residential development forming part of the established Rock Valley scheme in Mansfield.Designed around the site’s distinctive retained Clock Tower, the proposed development will provide a mix of 38 one-bedroom and 12 two-bedroom self-contained apartments, arranged across the ground and four upper floors.The current proposals include passenger-lift access, communal circulation areas, external amenity space, cycle storage, landscaping and 42 proposed car-parking spaces.At the £8,000,000 asking price, the acquisition equates to approximately £160,000 per apartment. Based upon the current indicative furnished rental appraisal, the development is projected to generate approximately £571,080 per annum, representing an indicative gross yield of approximately 7.14%.The seller is prepared to consider a rang
CLOCK TOWER APARTMENTSROCK VALLEY, MANSFIELD50-APARTMENT FORWARD PURCHASE AND INVESTMENT OPPORTUNITYAn opportunity to acquire the proposed Clock Tower Apartments, a substantial 50-apartment residential development forming part of the established Rock Valley scheme in Mansfield.Designed around the site’s distinctive retained Clock Tower, the proposed development will provide a mix of 38 one-bedroom and 12 two-bedroom self-contained apartments, arranged across the ground and four upper floors.The current proposals include passenger-lift access, communal circulation areas, external amenity space, cycle storage, landscaping and 42 proposed car-parking spaces.At the £8,000,000 asking price, the acquisition equates to approximately £160,000 per apartment. Based upon the current indicative furnished rental appraisal, the development is projected to generate approximately £571,080 per annum, representing an indicative gross yield of approximately 7.14%.The seller is prepared to consider a rang
£ 8,000,000