Portfolio sale of 6 x units at The Hicking Building, Nottingham City Centre
- PROPERTY TYPE
Apartment
- BEDROOMS
10
- BATHROOMS
10
- SIZE
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Key features
- Rental income of £63,900 PA
- 9.1% YIELD
- 4 x two bedroom apartments and 2 x one bedroom apartments
- Ideal Nottingham City Centre location
- 6 x parking spaces included
- Contact our investment team for more details on this and many other off and on market opportunities
Description
**Current annual Rental Income of £63,900 generating a YIELD of 9.11%""
**EWS1 in place.**
Vision Properties are delighted to offer this mix of 2 x one and 4 x two bedroom apartments in Nottingham City Centre located in The Hicking Building.
The Hicking Building is one of the largest and most iconic residential developments in Nottingham with over 320 units. The development is made up of four block with a range of studio, one and two bedroom apartments as well as housing the only Hooters bar in the country.
Situated in a fantastic location just across the road from Nottingham Train Station and only ten minutes walk to West Bridgford and City Centre.
Packed with modern fixtures and fittings throughout the portfolio has an estimated value of £780,000 if the units are to be market individually and would therefore generate a turn key capital increase of £80,000!
The sale also includes 6 x allocated parking spaces
Accumulative leasehold costs for the six units:
Ground Rent x 6: £1,375 per annum
Service Charge x 6: £10,404 per annum
Lease years remaining: 110
Net income - £52,120.84 generating a NET YIELD of 7.45%
Brochures
Portfolio sale of 6 x units at The Hicking BuildinBrochureTenure: 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.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
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ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
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LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
110 years left
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.
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Portfolio sale of 6 x units at The Hicking Building, Nottingham City Centre
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nottingham Station0.2 miles
- Station St Tram Stop0.2 miles
- Lace Market Tram Stop0.5 miles
About the agent
Vision Properties is a residential property specialist based in Knowle. Our well-qualified team cover Knowle, Dorridge, Shirley, Solihull, Hampton in Arden and Olton and know their patch inside out.
Vision Properties can help you to sell or let your property. Our promise is always to think of your property as if it were our own. We love dealing with residential property and we’ll always put your interests first. We’ll guide you through the process and protect you from the hassle from st
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Visit our security centre to find out moreDisclaimer - Property reference 32360462. 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 Vision Properties, Solihull. 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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