Royal Victoria Court, Gamble Street, Nottingham, Nottinghamshire, NG7

Location

The property is situated within an established student area of Nottingham and approximately ½ a mile from the main Nottingham Trent University campus. In addition Nottingham City Centre is a short distance away.

Surrounding uses are a mixture of private residential with the majority having been let to students. In addition Homes for Students have a purpose built student block at the end of Russell Street.

Description

The property comprises a 2 bedroom flat which is situated on the third floor of a purpose built block.

Accommodation

In summary the property comprises a lounge/kitchen with dinning area, 2 bedrooms with a bathroom. Floor plans are overleaf.

Tenure

The property is held via a long leasehold interest for a term of 99 years from 15/11/2006 with a ground rent of £250 per annum.

We have held initial discussions with the freeholder who have confirmed that they are prepared to the extend the lease back to 125 years subject to a one of fee of £10,000.

Rent

The property has been let for the 2020/21 academic year at a rental of £115 per person per week on a 48 week contract producing £11,040 for the academic yea on an inclusive of bills basis.

Service Charge

A service charge of £685 per annum is due for the upkeep of the external and communal areas.

Fixtures and Fittings

All landlords fixtures and fittings are included in the sale with a list of these available upon request..

Price

Offers in the region of £125,000 are sought for the benefit of the long leasehold interest subject to the tenancies detailed above.