109 Forest Road West, Arboretum, NG7 4ER
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
5
- SIZE
2,941 sq ft
273 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Residential investment opportunity.
- Five x one bed self-contained fully refurbished flats in mid terraced property.
- Freehold for sale - fully let.
- Current gross rental income £44,400 per annum.
- Whole building refurbished in 2019.
- Close to Nottingham city centre, Nottingham NET tram and Nottingham Trent University City Campus.
Description
The property is located on Forest Road West, approximately one mile northwest of Nottingham city centre, and approximately 0.4 miles northwest of Nottingham Trent University's city campus.
Within the area there is both a high proportion of private rented and student accommodation.
The property also sits adjacent to the NET tram network / stops, for easy access to Nottingham city centre and it's wider conurbations, with the property additionally being adjacent to the Arboretum Park.
DESCRIPTION:
The property comprises a four storey Victorian terrace which has been converted into five, one-bedroom, self-contained flats.
The lower ground floor flat has its own self-contained entrance, the remaining flats are accessed via a communal staircase.
The property was fully refurbishment in 2019. Each flat provides for an open plan kitchen / living room, bedroom, bathroom / WC. The lower ground floor flat has a private garden area.
ACCOMMODATION / TENANCY SCHEDULE:
Flat 1 Lower Ground - Rent £875 pcm - 85.7 sq m (922 sq ft)
Flat 2 Upper Ground - Rent £770 pcm - 47.8 sq m (515 sq ft)
Flat 3 First Floor - Rent £770 pcm - 49.7 sq m (535 sq ft)
Flat 4 Second Floor - Rent £690 pcm - 46.3 sq m (498 sq ft)
Flat 5 Third Floor - Rent £595 pcm - 43.8 sq m (471 sq ft)
TOTAL 273.3 sq m (2,941 sq ft)
TENURE:
The property is offered for sale on a freehold basis, there are no occupancy restrictions or unusual covenants.
Each flat is currently let subject to an Assured Shorthold Tenancy, details of each rent can be seen on the accommodation / tenancy schedule table above.
The total current gross rental income is £44,400 per annum.
METHOD OF SALE:
The property is available by way of a private treaty sale.
PRICE:
The freehold is available to purchase at a guide price of:-
£525,000
VAT:
Vat is not applicable to the purchase price.
ANTI MONEY LAUNDERING:
To meet Anti-Money Laundering regulations, two forms of ID and confirmation of the source of funding will need to be provided by the successful purchaser.
VIEWINGS & FURTHER INFORMATION:
To view the property and for further information in respect of the sale, please contact the sole selling agents heb Surveyors (see brochure for contact details).
CLICK LINK BELOW FOR BROCHURE
Brochures
BROCHURE- 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
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
109 Forest Road West, Arboretum, NG7 4ER
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Visit our security centre to find out moreDisclaimer - Property reference 109-Forest-Road-West. 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 heb 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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