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Minerva House, Spaniel Row, Nottingham, NG1 6EP

Key features

  • Resident Gym
  • Laundry Facilities
  • Located in the Heart of Nottingham
  • Popular Student Development
  • Common Room
  • Bike Storage
  • Close to University

Property description

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Minerva House is a fantastic student investment opportunity located 7 minutes from Nottingham Trent University and only 6 minutes away from the train station. Only walking distance to the local amenities, bars and clubs around Nottingham. Minerva House is a brilliant community for those studying at Nottingham University.

This Unit is extra spacious and it includes a fitted kitchen, common room and a double bed. Students will have access to the on-site amenities which include WI-Fi, private residents’ gym, social area and cinema room.

This Premium Studio is currently tenanted and is let and managed by an experienced letting agent.

Financial Breakdown

Gross rent: £6,930
Ground rent: £250
Service charge: £2,133
Lettings fees: £915
Net income: £3,632
Gross yield: 12.6%
Net yield: 6.6%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-11653

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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Minerva House, Spaniel Row, Nottingham, NG1 6EP

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Old Market Square Tram Stop0.1 miles
  • Royal Centre Tram Stop0.2 miles
  • Lace Market Tram Stop0.3 miles
Mortgages
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Market information
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About the agent

yieldit, Manchester

Quay West at MediaCityUK Trafford Wharf Road, Trafford Park, Manchester, M17 1HH

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartmen

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Disclaimer - Property reference YL-11653. 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 yieldit, Manchester. 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 on comparethemarket.com 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 Stickee Technology Limited.

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