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SOLD STC

The Establishment, 3 Broadway, Nottingham, Nottinghamshire, NG1 1PR

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Floorplan 1
1

Key features

  • Investment opportunity
  • One bedroom unfurnished apartment
  • Popular development, located in the heart of Nottingham's Lace Market
  • High ceilings and exposed brick work
  • Tenanted until June 2025 at £750pcm
  • Estimated gross yield 8.6%
  • 999 year lease from July 2003
  • Council Tax band B
  • EPC rating C

Description

A fantastic investment opportunity in the heart of the Lace Market, Nottingham. One bedroom Tenanted apartment.

The apartment benefits from a good size living/dining are with fantastic high ceilings and original features such as sash windows and exposed brickwork. The property boasts spotlights throughout. Kitchen (with appliances), Juliet balcony overlooking the inner courtyard.

The apartment offers a good size bedroom and separate bathroom with white suite and shower over bath.

As the apartment faces the internal courtyard, it is sheltered from the hustle and bustle of the lively city centre, making this a particularly quiet apartment.

Situated within The Lace Market, one of Nottingham's most desirable residential areas, this location offers a wide range of services and amenities as well as a selection of bars, restaurants and historic Nottingham culture. Nottingham Train Station is within walking distance along with the Lace Market Tram stop. There is also ease of access to the regions commercial and retail centres.

Tenanted until June 2025 with a current monthly rent of £750pcm, offering a gross yield of 8.6%

Viewing of this property is essential.

Council: Nottingham City Council

EPC rating: C

Council Tax Band: B

Tenure: Leasehold

Lease length: 999 years since 1st July 2003

Service charge currently: £937.90 6 monthly/£1875.80pa

Ground rent: £250 per annum.

Please note all figures above have been provided by the seller. We would encourage you to have these verified by your legal adviser.


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.
Band: B
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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The Establishment, 3 Broadway, Nottingham, Nottinghamshire, NG1 1PR

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Affordability

Monthly repayments£527
Property: £ 105,000
Deposit: £ 10,500
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About Cavendish Residential, Nottingham

One Fletcher Gate Adams Walk, Nottingham, NG1 1QS

Cavendish Residential is an independent, innovative and vibrant company specialising in lettings and management of quality residential properties in Nottingham, providing a professional service on a friendly level whilst being fully committed to delivering results.

With comprehensive lettings experience, state of the art software packages and an in depth knowledge of the Nottingham market, we pride ourselves on offering a pro-active, unique and personalised approach.

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Disclaimer - Property reference CVN_NTT_LFSYCL_685_872373403. 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 Cavendish Residential, 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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