2 bedroom flat for sale

Gamble Street, Nottingham, Nottinghamshire, NG7

£115,999

Property Description

Full description

Tenure: Leasehold

Location

The property is situated within an established student area of Nottingham and approximately a mile from the main Nottingham Trent University campus. In addition Nottingham City Centre is a short distance away.

Surrounding uses are a mixture of private residential with the majority having been let to students. In addition Homes for Students have a purpose built student block at the end of Russell Street.

Description

The property comprises a 2 bedroom flat which is situated on the second floor of a purpose built block.

Accommodation

In summary the property comprises a lounge/kitchen with dinning area, 2 bedrooms with a bathroom.

Tenure

The property is held via a long leasehold interest for a term of 99 years from 15/11/2006 with a ground rent of 250 per annum.

Rent

The property is let for the 2015/16 academic year at a rental of 104 per person per week on the basis of a 48 week letting equating to 9,984 per annum. The letting is on an inclusive of bills basis. The property has also been let on the same terms for the 2016/17 academic year.

Service Charge

A service charge of 685 per annum is due for the upkeep of the external and communal areas.

Price

Offers in the region of 115,999 are sought for the benefit of the long leasehold interest subject to the tenancy above. A purchase at this price would reflect a yield of 7.57% after the deduction of the ground rent and service charge and stamp duty at 3%




More information from this agent

Listing History

Added on Rightmove:
13 May 2016

Nearest stations

  • High School (0.3 mi)
  • The Forest (0.4 mi)
  • Nottingham Trent University (0.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Oak Property Consultants, Nottingham

34 Shakespeare Street, Nottingham, NG1 4FQ

0115 798 0076 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • High School (0.3 mi)
  • The Forest (0.4 mi)
  • Nottingham Trent University (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Oak Property Consultants, Nottingham

34 Shakespeare Street, Nottingham, NG1 4FQ

0115 798 0076 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference MCR. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Oak Property Consultants, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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