8 bedroom block of apartments for saleBurns Street, Nottingham
Guide Price £475,000
- Block of apartments
- High Yield
Full descriptionCentrick Property is pleased to offer to the market a rare opportunity to acquire this character property comprising eight self contained one bedroom apartments in the heart of The Arboretum area of Nottingham city centre. This Victorian conversion benefits from an elevated position on the corner of Burns Street and Forest Road West, with easy to maintain grounds to the front and rear.
Seven of the eight self contained apartments are currently fully let under the terms of Assured Shorthold Tenancies; and one regulated tenancy. The building is currently producing an annual gross income of £36,132. All apartments are in a lettable condition although would benefit from some cosmetic refurbishment. The building is in good order having been well maintained and fitted with damp proof course throughout.
Located on the Burns Street in the popular residential area of The Arboretum, boasting mature trees and ample on street parking. Situated within 5 minutes walk of Nottingham city centre, these apartments provide ideal accommodation for single persons or couples studying or working in the city. There are a number of services and amenities available nearby as well as good transport links including the Nottingham High School Tram stop.
Energy Performance Certificates are available for each apartment.
SERVICES: Each apartment is separately supplied and benefits from mains water and electricity.
TENURE: The property is being sold Freehold.
POSSESSION: The property is being sold subject to the existing Tenancies.
Flat A - 1 bedroom, self contained flat. Currently paying £341 Per Calendar Month.
Flat B - 1 bedroom, self contained flat. Currently paying £360 Per Calendar Month.
Flat C - 1 bedroom, self contained flat. Currently paying £360 Per Calendar Month.
Flat D - 1 bedroom, self contained flat. Currently paying £385 Per Calendar Month.
Flat E - 1 bedroom, self contained flat. Currently paying £410 Per Calendar Month.
Flat F - 1 bedroom, self contained flat. Currently paying £385 Per Calendar Month.
Flat G - 1 bedroom, self contained flat. Currently paying £385 Per Calendar Month.
Flat H - 1 bedroom, self contained flat. Currently paying £385 Per Calendar Month.
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
To view this media, please visit the on-line version of this page at www.rightmove.co.uk/property-for-sale/property-63243830.html?premiumA=true
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference 26645506. 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 Centrick Property, Nottingham - Sales. 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.
Map data ©OpenStreetMap contributors.