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
Notes
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