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Lenton Abbey, Derby Road, Nottingham NG9 2SN
Offers in the region of £1,500,000, detached house

Under offer

Key features

  • Sale of Grade II Listed house and outbuildings split in to 10 flats
  • Situated adjoining the University of Nottingham's main University Park campus
  • Attractive building with extensive gardens
  • In need of improvement and modernisation
  • Significant potential to reorganise and redevelop the property to create additional units
  • Opportunity for alternative uses subject to planning consent

Property Description

Date now set for receipt of bids: 5pm on Wednesday 12th July 2023

Lenton Abbey is a Grade II Listed house situated off Derby Road adjoining the University of Nottingham's University Park campus. Originally built in 1798 as a house for Lenton Abbey Farm (now the Lenton Abbey housing estate), the property comprises a Manor style house with outbuildings arranged around a courtyard.

The buildings are currently divided in to 10 flats, two of which are currently occupied by way of Assured Shorthold Tenancies (statutory periodic). A number of the outbuildings are in garage or storage use. There is considerable scope to re-organise the layout to create additional units. There are also substantial gardens which have potential for development. In both cases this is subject to planning permission and Listed Building consent. Total site are is 1.7 acres.

Location
Lenton Abbey house and outbuildings are located off Derby Road, close to its junction with Charles Avenue and opposite the Wollaton Park Estate. The location adjoins the University of Nottingham's University Park campus, close to the Sports Centre, Beeston Hall, Nightingale Hall and the East Midlands Conference Centre.

Derby Road is the A52 and main arterial route connecting Nottingham city centre with the M1 motorway and Derby. In addition to the University, the location is within easy reach of the Queens Medical Centre.

Description
The main Lenton Abbey house is two storey with rendered elevations under a pitched slate roof. The building has been divided in to six flats. There are gardens to the front and rear of the property.

The stables / outbuildings adjoining are part single and part two storey and sit around an attractive cobbled courtyard. The buildings are brick under a pitched slate roof and have been split in to 4 further flats. Some of the outbuildings are in storage use and have the potential for conversion in to further accommodation.

Floor Plans
A set of floor plans is available showing the layouts of the flats.

Flat 1
Ground floor flat situated within the main Lenton Abbey building. A one bedroom flat with kitchen, open plan living and dining area, bedroom and bathroom. Currently vacant.

Flat 2
Ground floor flat situated within the main Lenton Abbey building. A one bedroom flat with bedroom, lounge, kitchen, bathroom and conservatory. Currently vacant.

Flat 2a
A first floor flat situated within the main Lenton Abbey building. Two bedrooms. Currently vacant.

Flat 3
Ground floor flat situated within the main Lenton Abbey building. A two bedroom flat with lounge, kitchen, bathroom and cellar. Vacating 8 June 2023.

Flat 4
A first floor flat situated within the main Lenton Abbey building. One bedroom. Vacating 27 May 2023.

Flat 5
A first floor flat situated within the main Lenton Abbey building. Two bedrooms. Currently vacant.

Flat 6
Part ground part first floor property situated within the Courtyard buildings. Two bedrooms. Currently vacant.

Flat 7
A ground floor property situated within the Courtyard buildings. Two bedrooms. Let at £625pcm on a statutory periodic tenancy (commenced 1 Feb 94).

Flat 8
A ground floor property situated within the Courtyard buildings. Two bedrooms. Let at £562 pcm on a statutory periodic tenancy (commenced 1 Feb 23).

Flat 9
A part ground floor and part first floor property situated within the Courtyard buildings. Two to three bedrooms. Currently vacant.

Occupational Leases
Two of the ten flats are let on assured shorthold tenancy agreements by way of periodic tenancies following the expiry of the initial fixed term. The properties are let on an unfurnished basis. A Tenancy Schedule detailing the rents and lease terms is available separately.

Asset Management
There is an opportunity to re-organise the layout of the flats to create additional units and convert storage in to further accommodation. There is also potential to develop within the garden areas subject to planning and Listed Building consent.

Method of Sale
We ask that any interested party makes their offer no later than 5pm on Wednesday 12th July 2023 to the selling agent, CP Walker & Son

Interested parties are invited to put bids forward but should include the following information:

1. AMOUNT OF BID: The amount offered for the purchase of the site

2. THE BIDDER: The name of the person or company that would be buying the site

3. FUNDING FOR THE PURCHASE: Confirmation as to how the site purchase would be financed (cash reserves, bank borrowing etc). Proof of finance would be requested prior to the instruction of solicitors if your bid is successful.

4. CONDITIONS THAT THE OFFER IS SUBJECT TO: Details of any other conditions that the offer is subject to. If your bid is subject to the usual enquiries that a solicitor would make then you should state ¿subject to contract only¿. However if there are any other conditions that your offer is subject to (e.g. survey, planning consent etc.), this must be stated.

5. ANY OTHER RELEVANT POINTS: Any other points that you feel are relevant to your offer or ability to complete the sale.

Access to the University
The property is currently owned by the University of Nottingham. There are three accesses from the site in to the University Park campus adjoining. It is proposed that these accesses are closed up as part of the sale. Any purchaser requiring access rights following should discuss this with the selling agent.

Information Pack
The following information is available on request:

Tenancy schedule
Floor Plans
Internal Photographs
Title Plan
EPCs

EICRs, Gas Safety Certificates and Tenancy Agreements will be provided during the due diligence period.

Planning
The property is situated within the Nottingham City Council area. The properties are all understood to be within C3 use. Prospective purchasers are advised that the property falls within an area where the Local Planning Authority has made an Article 4 Direction. Accordingly, any proposed change of use from C3 to C4 use would require planning consent.

The buildings have potential for alternative use as well - e.g. hotel or restaurant. Interested parties are invited to discuss their proposals with the local planning authority.

The property is Grade II Listed but not within a Conservation Area.

Viewing
Viewings are strictly by appointment and on specified open days.

EPC Rating
The EPC Ratings are: Flat 1 D: 55, Flat 2 D: 59, Flat 2a F: 22, Flat 3 E: 53, Flat 4 E: 49, Flat 5 E: 47, Flat 6 E: 43, Flat 7 E: 40, Flat 8 E: 43, Flat 9 G: 20

Further Information
Please contact Dan Walker on 0115 968 3282 or dan@cpwalker.co.uk or Julie Sumner on 0115 957 4768 or by email at julie.s@cpwalker.co.uk.


"Thank you so much to the team at C.P. Walker for making our house move as painless and smooth as possible."
Jenny B