North Sherwood Street, Nottingham, Nottinghamshire, NG1
Property description
Tenure: Leasehold, 112 years remaining
The property is located at the junction of North Sherwood Street and Shakespeare Street, above The Orange Tree pub. The property sits adjacent to the main Nottingham Trent University campus along with Nottingham City Centre.
Description
The property comprises the upper floors above The Orange Tree public house which have been converted to provide 8 self-contained one bedroom/studio flats. The building is Grade II Listed. The units are furnished to a high standard and a typical floor plan is set out overleaf. All fixtures and fittings will be included in the sale.
A full tenancy schedule is overleaf, detailing the income from the various parts, but overall the property produces a gross rental for the 2019/20 academic year of £54,500.
Tenure
The property will be sold via a long leasehold interest with 111 years remaining with a ground rent of £2,000 per annum being paid. All of the residential tenancies are let on an exclusive of bills basis.
Price
Offers in the region of £800,000 are sought for the long leasehold interest subject to the tenancies.
Brochures
Brochure 1North Sherwood Street, Nottingham, Nottinghamshire, NG1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nottingham Trent University Tram Stop0.2 miles
- Royal Centre Tram Stop0.2 miles
- Old Market Square Tram Stop0.3 miles
About the agent
Oak Property Consultants, Nottingham
34 Shakespeare Street, Nottingham, NG1 4FQ
Stamp Duty calculator
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference MC2NSS. 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.
* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.
Map data ©OpenStreetMap contributors.