Seven flats in iconic Nottingham city centre building housing Hooters to be auctioned off

Seven flats which lie in an iconic building in Nottingham city centre are set to be auctioned off to the public. Bond Wolfe will be selling seven flats from the iconic Hicking Building on Queens Road.

The apartments are set to attract buy-to-let investors from 8:30am on May 16 in a livestreamed auction. The auction will bring in millions of pounds, with Hicking Building having a guide price of £700,000+ for all seven residences which are among the 209 lots that will be available to buyers.

Generating £73,140 of rental income each year, the portfolio of seven apartments is compromised of three one-bedroom flats and four two-bedroom flats, all with car parking spaces.

The four-storey Hicking Building was constructed in 1873 as part of a large complex of lace warehouses, later being redeveloped in 2005 as 320 apartments. Hosting one of two Hooters bar in the country, it is now an easily recognisable apartment building within Nottingham. It lies in a convenient location just opposite Nottingham railway station and is only a few minutes’ walk from the city centre.

Ian Tudor, commercial action director at Bonde Wolfe said “This is an excellent opportunity to secure the leasehold of seven apartment within a high-quality redevelopment of an iconic, historic city centre building in Nottingham.

Mr Tudor added that Hicking Building is “one of the largest and best-known residential developments in the city.” Bonde Wolfe have been in the property business since 1983, specialising in auctions and agency. The company has broken records and won awards with their auctions attracting 2,000 to 3,000 people.

Mr Tudor predicts that there will be a “highly competitive bidding” for the seven apartment properties as their livestreams “attract property investors from across the UK and overseas.”

The property business will be hosting four other remaining auctions this year which are expected to attract thousands of investors yet again.