Spaniel Row, Nottingham
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
Ask agent
Key features
- TENANT IN SITU
- STUDENTS
- CALLING ALL INVESTORS
- HEART OF CITY CENTRE
- MANAGED COMPLEX
- COMMUNAL AREAS
- MANAGEMENT IN PLACE
- CONTACT FOR FURTHER INFORMATION
Description
** STUDENT ACCOMMODATION ** GREAT INVESTMENT **
Robert Ellis Estate Agents are delighted to present to the market this fantastic investment opportunity of a superior studio apartment situated in the popular complex, Minerva House.
**GUIDE PRICE £60,000 - £65,000**
** STUDENT ACCOMMODATION ** GREAT INVESTMENT ** TENANT CURRENTLY IN SITU FOR ACADEMIC YEAR ***
Robert Ellis Estate Agents are delighted to present to the market this fantastic investment opportunity of a superior studio apartment situated in the popular complex, Minerva House.
The property is positioned within the heart of Nottingham City centre, with easy access to transport links such as buses and trams. It is ideal for students as it allows direct access to all Nottingham's charms such as bars, restaurants and more. The University of Nottingham is accessible via a bus, with Nottingham Trent University being within walking distance.
Minerva House has a large range of flats available. This property is a superior size, benefitting from a higher specification and larger studio size.
The accommodation on offer comprises; entrance to the studio with open plan living, kitchen and sleeping space with a separate bathroom. With this, students within Minerva House have access to bespoke communal facilities, including an equipped gym, laundry facilities, entertainment lounge and cinema room with TV's, social area with pool tables and a bicycle storage. The complex also offers free broadband, ideal for the student residents.
Minerva House is a fantastic opportunity for an investor looking to start or grow their portfolio, as the complex is popular for students with is location and amenities. Nottingham hosts a high level of students due to the popularity with the universities, meaning sourcing tenants comes with ease for this property.
For more information, please contact the office.
Open Plan Living Area - 2.72 x 8.12 approx (8'11" x 26'7" approx) - Front door to the front elevation accessed via communal corridor. Open Plan Living / Sleeping / Kitchen Area. UPVC double glazed window to the rear elevation with stunning views of city centre. 2 x Ceiling light points. Wall mounted storage heater. Carpeted flooring upon entrance continuing to the Living / Sleeping Area. TV point. Lino Flooring in Kitchen Area. Range of wall base and drawers unit with worksurface over. Sink and drainer unit with dual heat tap. Integrated electric oven with 4 ring induction hob and extractor unit above. Space and point for undercounter fridge freezer. Space and point for wall mounted microwave. Ceiling to Floor height storage cupboard. Panelled door leading to Bathroom.
Bathroom - 1.43 x 1.53 approx (4'8" x 5'0" approx) - Modern 3 piece suite comprising of a walk-in shower with mains fed shower unit, pedestal wash hand basin with dual heat tap and low level flush W/C. Lino flooring. Ceiling light point. Tiled splash backs.
Council Tax - Local Authority: Nottingham
Council Tax band: B
Rental Income - Current Rental Income: £197.50 per week
The property is tenanted for this academic year (ending July 2024) with the possibility that it will be extended over the summer.
Service Charge & Ground Rent - Service Charge for 2023/24: £286.80 per calendar month
Ground Rent: £150 per annum
Currently 240 years remaining on the lease
A STUDIO APARTMENT POSITIONED WITHIN THE HEART OF NOTTINGHAM CITY CENTRE.
Brochures
Spaniel Row, NottinghamBrochureTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£150 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£3441.6
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
250 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
Spaniel Row, Nottingham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Old Market Square Tram Stop0.1 miles
- Royal Centre Tram Stop0.3 miles
- Lace Market Tram Stop0.3 miles
About the agent
Robert Ellis, Arnold
78 Front Street, Arnold, Nottingham, NG5 7EJ
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