Burns Street, Nottingham, Nottinghamshire, NG7

Location

The property is located within Burns Street in the Arboretum area of Nottingham. The area is popular with Nottingham Trent University students being a 5 minute walk from the main Nottingham Trent University campus.

The tram network is also nearby providing direct access to Nottingham City Centre and beyond.

Description

The property comprises a 3 storey detached property with each floor comprising a self contained flat. The property has recently been refurbished and is in excellent condition throughout having been redecorated and re-carpeted throughout at the start of the academic year.

Floor plans of the property are on the next page, but in brief the ground floor comprises a four bedroom flat, with a separate kitchen and living room and bathroom.

To the first floor is a further two bedroom flat with separate kitchen and living room along with a bathroom .

To the top floor is a two bedroom flat with separate kitchen and living room along with a bathroom.

Tenure

The property is to be sold freehold subject to the tenancies detailed below.

Rental

Flat 1 has been let for the 2023/24 academic year at a gross rental of £155 per person per week giving an overall rental of £29,760. The unit is let on an inclusive of bills basis with an allowance of £23 per person per week.

Flat 3 has been let for the 2023/24 academic year at a gross rental of £160 per person per week giving an overall rental of £15,360. The unit is let on an inclusive of bills basis with an allowance of £37 per person per week.

Flat 4 has been let for the 2023/24 academic year at a gross rental of £125 per person per week giving an overall rental of £12,000. The unit is let on an exclusive of bills basis.

All 3 flats are let on a 48 week contract.

Price

Offers in excess of £675,000 are sought for the freehold interest subject to the tenancies listed.

Fixtures and Fittings

The property will be sold to include all the landlords fixtures and fittings within the property.