Beech Avenue, New Basford
- PROPERTY TYPE
Apartment
- BEDROOMS
10
- BATHROOMS
9
- SIZE
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- 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
- Located on Beech Avenue, Nottingham NG7
- Nine self-contained flats: 8 × 1-bed, 1 × 2-bed
- Fully let with £66,665.40 per annum passing rent (Aug 2024 levels)
- Let to René House CIC, a supported accommodation provider
- 5-year lease in place providing secure income
- Modern kitchens and bathrooms throughout
- Excellent transport links to Nottingham city centre, QMC and universities
- Strong rental location with proven occupancy
- Low landlord costs (approx. £2,500 pa including insurance)
- 7.40% gross yield / 7.12% net yield at £899,950
Description
The block is fully income producing and let on a 5-year lease to René House Community Interest Company (CIC), a supported accommodation provider.
Following the August 2024 rent review, the current passing rent is £66,665.40 per annum, confirmed across the three buildings.
Signed Rent Increase Lease Adde…
Beech Avenue benefits from excellent access to shops, supermarkets and public transport routes, providing quick links to Nottingham city centre, the Queen's Medical Centre, Nottingham City Hospital and both university campuses. This location continues to attract strong rental demand and delivers stable occupancy.
With modest landlord costs of approximately £2,500 per annum including building insurance, the property provides an attractive 7.40% gross yield and 7.12% net yield at the guide price of £899,950. This is a low-maintenance, long-term investment opportunity in one of Nottingham's most resilient rental markets.
These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.
Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.
Brochures
4 page - 2022- 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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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Beech Avenue, New Basford
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Visit our security centre to find out moreDisclaimer - Property reference 102431017729. 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 FHP Living, 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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