Description
Student Accommodation Portfolio Auction – Minerva House, Nottingham NG1. Indeed, this area is well-known for its proximity to Nottingham High School (ISI “Excellent”) which adds significant appeal for investors and residents alike.This is a rare opportunity to acquire a portfolio of five fully self-contained student studios at Minerva House, Spaniel Row, Nottingham NG1 6EP. Located in the heart of the city centre, these units offer immediate income and long-term investment potential.
Minerva House is a modern, purpose-built student development comprising 158 studios across five floors. Each studio in this portfolio—units 104, 110, 127, 228, and 302—features a fitted kitchen, en-suite shower room, study area, and high-speed broadband. Furthermore, residents enjoy access to premium communal facilities, including an on-site gym, cinema room, games lounge, laundry, and secure bike storage.
Location and Transport Links
The property’s location is unrivalled. Nottingham Trent University is just an 8–12 minute walk away, while the University of Nottingham is easily accessible by tram or bus. Old Market Square, the city’s vibrant shopping and dining hub, is only a minute’s stroll from the front door. Additionally, the Lace Market’s cultural venues, bars, and restaurants are all within easy reach, ensuring strong appeal for students and young professionals alike.
Transport
Transport links are outstanding. The Old Market Square tram stop is a two-minute walk, providing direct access to both university campuses and the wider city. Nottingham Railway Station is just ten minutes away on foot, connecting residents to regional and national destinations. Multiple bus routes operate nearby, further enhancing connectivity.
Each studio is currently let or actively marketed for the 2026 academic year, with weekly rents ranging from £150 to £190. The portfolio generates a projected gross annual income of £43,680, offering a highly attractive yield relative to the £195,000 guide price. Service charges and ground rent are competitive, ensuring strong net returns for investors.
Nottingham’s student accommodation market is structurally undersupplied, with occupancy rates exceeding 97% in prime locations. The city’s two universities support a combined student population of over 65,000, driving robust demand for quality accommodation. As a result, rental growth has been consistent, and the area is recognised as a First Class” investment hotspot by leading property analysts.
The building is professionally managed, with 24-hour concierge, CCTV security, and on-site maintenance. All utilities, high-speed Wi-Fi, and contents insurance are included in the rent, simplifying management and maximising tenant satisfaction.
Service Charge and Ground Rent:
The leasehold structure is designed for cash buyers, with annual ground rent of £150 per unit and service charges of approximately £2,133 per unit.
Amenities:
Nearby amenities include major supermarkets, independent shops, cafes, and cultural attractions such as Nottingham Contemporary and the Theatre Royal. Parks and green spaces, including the Arboretum and Castle Grounds, are within walking distance, enhancing the lifestyle appeal for residents.
Education provision in the area is excellent. Nottingham High School (ISI “Excellent”), Huntingdon Academy (Ofsted “Outstanding”), and Djanogly City Academy (Ofsted “Good”) are all within easy reach, supporting both student and family demand.
Auction Venue: Claridge's Mayfair London on 12th August at 1:00pm
Discover a rare opportunity to acquire Former Repeater Station Chester at our highly anticipated live and online property auction, taking place on 12th August 2026 at 1 pm in the iconic St James Room at Claridge’s, Mayfair, London. Renowned for its Art Deco elegance and world-class service, Claridge’s offers an unrivalled setting for discerning buyers. Whether you join us in person or bid online from anywhere in the world, you’ll benefit from state-of-the-art auction technology and a seamless experience. Notably, properties near Nottingham High School (ISI “Excellent”) are always in high demand due to the school's outstanding reputation. Register now to secure your place at this exclusive event and take the first step towards owning a prime property in one of Nottingham's most sought-after locations with proximity to Nottingham High School (ISI “Excellent”).Details of Property Income
|
Unit |
Weekly Rent |
Annual Rent |
Ground Rent |
Service Charge |
Letting Fee |
Status |
|---|---|---|---|---|---|---|
|
104 |
£499.76 |
£5,997.12 |
£150 |
£2,133 |
£915 |
Let |
|
110 |
£700.00 |
£8,400 |
£150 |
£2,133 |
£915 |
Let |
|
127 |
£697.44 |
£8,369.28 |
£150 |
£2,133 |
£915 |
Let |
|
228 |
£576.33 |
£6,915.96 |
£150 |
£2,133 |
£915 |
Let |
|
302 |
currently void |
not let |
||||
|
Total Portfolio Gross Annual Rent: £29,682.36 |
||||||
|
Total Annual Ground Rent: £600 |
||||||
|
Total Annual Service Charge: £8.532 |
||||||
|
Total Annual Letting Fees: £4,575 |
Summery:
The lot is offered with a guide price of £195,000, representing a significant discount to comparable sales in the area. Buyers benefit from transparent auction terms, a comprehensive legal pack, and the assurance of Palace Auctions’ renowned professionalism.
For investors seeking secure, high-yielding assets in a thriving university city, this portfolio offers an exceptional proposition. Register now to download the legal pack and arrange a viewing. Bidding is available in person, online, by telephone, or by proxy.
Page Last updated 16th July 2026 at 14:15
