Queens Road, Nottingham, Nottinghamshire, NG2
- PROPERTY TYPE
Studio
- SIZE
246 sq ft
23 sq m
Key features
- 7.5% net rental yield
- £6,766.00 net rental income
- Nottingham city centre location
- Fully managed and hands free investment
- Leading student management company in place
Description
Key to the appeal of the Laceworks development is its location in the heart of Nottingham city centre, a short walk from Nottingham Trent University. In recent years, Nottingham has experienced high student occupancy rates, primarily driven by the increasing student population across the two hugely popular universities.
Unit L02-06 - Investment Highlights
Purchase price - £90,000
Tenanted at £200 per week x 51 weeks = £10,151.00
Lettings fees = £492.00 per annum
Annual service charge = £2,420.00
Ground rent = £389.00 per annum
Annual net rental income = £6,766.00
7.5% net rental yield
Opportunity for double occupancy
Private roof terrace with spacious studio
The Laceworks - Student Property Management
The Laceworks is fully managed by StudentFM, one of the leading providers of block management and lettings for student developments in the UK.
Purchase Process
Reserve your unit with a signed reservation form
Provide certified ID, proof of address and proof of funds to Pure Investor
Pay a £2,000 non-refundable reservation fee
Solicitors instructed
Remaining balance due on completion
Tenure: 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.
For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent
Energy performance certificate - ask agent
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
Queens Road, Nottingham, Nottinghamshire, NG2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nottingham Station0.1 miles
- Station St Tram Stop0.2 miles
- Lace Market Tram Stop0.5 miles
About the agent
Pure, Manchester
125 Deansgate, Manchester, M3 2LH
Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.
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