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9 bedroom block of apartments for sale

Nottingham, Nottingham

Guide Price £345,000

Property Description

Key features

  • Fantastic Investment Opportunity
  • 9.7% gross yield
  • Freehold
  • 33,500 annual gross income
  • Central location

Full description

Centrick Property is pleased to offer to the market a rare opportunity to acquire this investment property offering a 9.7% gross yield. This detached property comprises eight rooms which can be let separately within a shared house; and one self contained two bedroom apartment and has been adapted to provide an ongoing residential investment.

The property benefits from an elevated position on Thorneywood Rise with off street parking. Currently fully let under the terms of Assured Shorthold Tenancies the whole property produces an annual gross income of approximately £33,500.

The entire building has undergone full refurbishment by the previous owner, and benefits from an integrated fire alarm system, gas central heating and double glazing throughout. The accommodation extends to a gross internal floor area of 229.78 square metres (2,473 square feet).

Thorneywood Rise is situated in the established residential district of Thorneywood, a convenient residential location approximately 2 miles from the city centre. The immediate surrounding area comprises a variety of different property types, mostly residential family homes. There are a number of services and amenities available nearby as well as good transport links.

TENURE: The property is being sold Freehold. POSSESSION: The property is being sold subject to the existing Assured Shorthold Tenancies.

Entrance - The flat has rear entrance with separate access through a partitioned garden and patio area

Sitting Room - 4.5m x 3.3m (14'9" x 10'10") -

Kitchen Breakfast Room - 3.2m x 3.0m (10'6" x 9'10") - With built in appliances and ample storage and worktop space

Bedroom 1 - 2.8m x 4.3m (9'2" x 14'1") -

Bedroom 2 - 3.1m x 2.0m (10'2" x 6'7") -

Bathroom - White bathroom suite with bath, wash hand basin and WC.

8 Bedroom Shared House - The multiple - let accommodation is approached through a side door entrance with lobby.

Shared Kitchen Breakfast Room (Ground Floor Rear) - 5.2m x 2.5m (17'1" x 8'2") - Modern and spacious kitchen with worktop space and integrated appliances.

Rooms - Room 1 (Ground Floor) Currently let at £70.00 per week.
Room 2 (Ground Floor) Currently let at £75.00 per week,
Room 3 Currently let at £75.00 per week.
Room 4 Currently let at £65.00 per week.
Room 5 Currently let at £75.00 per week.
Room 6 Currently let at £75.00 per week.
Room 7 Currently let at £75.00 per week.
Room 8 Currently let at £75.00 per week.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract and are produced in good faith and set out as a general guide only. The intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No employee of Centrick Property (and their Joint Agents where applicable) has the authority to make or give any representation or warranty in respect of the property. Subjective comments in these details imply the opinion of the selling Agent at the time these details were prepared. Naturally, the opinions of purchasers may differ.

For rental properties like most other agents, Centrick Property has to charge some administration fees these include: charge for referencing and additional tenants in order to process your application once you have chosen your ideal property. Inventory fee is charged separately. We try and keep these costs as low as possible and have a price match promise with other agents fees in most areas. Your property advisor will run through any applicable fees in detail with you at your viewing.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
05 August 2014

Map & Street View

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