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Upper Parliament Street, Nottingham

Key features

  • 8 residential dwellings consisting of 1 x two bed flat, 6 x one bed flats and a penthouse suite
  • Current gross income £69,438 per annum
  • Fully let and income producing
  • Prime city centre position with excellent access to Nottingham’s transport links including Tram network and Victoria Centre bus station
  • Offers invited at £725,000
  • Gross yield before costs 9.58%

Description

Long leasehold city centre residential investment for sale.

The subject property occupies a prominent position within Nottingham’s prime city centre core, one of the principal thoroughfares linking the Old Market Square with the professional office district and the Theatre Royal alongside The Royal Concert Hall. The immediate vicinity is a short walk from the Market Square and the Victoria Centre in an area of mixed use comprising of
residential, shops, offices, cafes and restaurants.

The property benefits from an excellent public transport connectivity with the NET tram stop close by and numerous bus serving routes up and down Upper Parliament Street.

Nottingham itself is a major East Midlands city located approximately 33 miles south of Sheffield and 45 miles north east of Birmingham with strong road links via the M1 and A52. According to the most recent consensus, the population is in the region of 330,000 to 340,000.

The city has a strong educational profile home to two major universities with the subject property being a stones throw away from Nottingham Trent University.

The property occupies a good city centre location where there is a strong demand for this type of
accommodation.

Located on Upper Parliament Street, the accommodation is arranged over two floors with access
from street level to the right hand side of Persian Empire restaurant.

The property is in excellent condition throughout and has been well maintained internally with all flats being finished to a high standard, fully fitted bathrooms and significant natural daylight

Disclaimer Note & Money Laundering - These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.

Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.

Brochures

11983 - 63 & 74 Long Row and 77 & 79 Upper Parliam
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: A
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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Upper Parliament Street, Nottingham

Approximate location

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Affordability

Monthly repayments£3,444
Property: £ 725,000
Deposit: £ 72,500
Interest rate: 4.85%
Term: 30 years
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About FHP Living, West Bridgford

23 Bridgford Road, West Bridgford, Nottingham, NG2 6AU

Proactive residential property consultants FHP Living is the residential division of Fisher Hargreaves Proctor Property Consultants, the East Midlands property advisor of the year. We are a vibrant, forward-thinking and proactive estate agency with a dedicated team of hard-working property professionals who focus on specific areas; each agent then becomes an expert with detailed knowledge for that area.

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Disclaimer - Property reference 34912751. 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 FHP Living, West Bridgford. 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.