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Radcliffe Road, West Bridgford, Nottinghamshire, NG2 5BR

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

2

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.

Key features

  • Portfolio of 10 Long Leasehold Apartment
  • Prime West Bridgford Location
  • Gross Income £130,500 PA 9.3% Yield
  • Net Income £110,822 PA 7.9% Yield
  • All 2 Bedrooms, 2 Bathrooms & Parking
  • Huge Discount to Individual Market Value

Description

An exceptional opportunity to acquire 10 long lease hold apartments within the highly regarded Bridgford Point development in the heart of
West Bridgford.
The apartments are arranged across the development and each benefit from two bathrooms together with an allocated parking space, making them highly attractive to professional tenants and owner occupiers alike. The scheme provides a strong mix of spacious accommodation, modern living and excellent connectivity to Nottingham City Centre and the wider region.
The portfolio of apartments currently generates a gross annual income of approximately £130,500 per annum (9.3%) with a net annual income of approximately £110,822 per annum (7.9%).

This portfolio offers a substantial discount from the open market value of the apartments. Individual sales typically range from £170,00 - £180,000.
Bridgford Point is a modern purpose-built apartment development situated on Scarrington Road, offering contemporary residential accommodation in a prime West Bridgford setting.
The portfolio comprises 10 self-contained apartments, each configured to provide:
Two double bedrooms
Two bathrooms
Spacious open-plan living accommodation
Modern fitted kitchens
Allocated parking spaces
Secure communal access
The apartments have proven consistently popular within the local rental market due to their excellent specification, practical layouts and highly sought-after location.
The development offers investors a rare opportunity to acquire a ready-made income producing asset with established rental performance in an area where tenant demand remains exceptionally strong.

West Bridgford is widely regarded as one of Nottinghamshire"s premier residential and commercial suburbs, consistently attracting strong demand from professionals, families, students and investors alike.
Scarrington Road is situated within close proximity to Central Avenue, one of the area"s main retail and leisure destinations, which provides an extensive range of independent cafés, bars, restaurants, supermarkets and national retailers. The location also benefits from excellent public transport links into Nottingham City Centre together with convenient access to the A52, A46 and M1 motorway network.
The area is particularly popular with working professionals due to its close proximity to Nottingham City Centre, Trent Bridge Cricket Ground, Nottingham Forest Football Club and a range of major employers and educational facilities including the University of Nottingham and Nottingham Trent University.
West Bridgford continues to demonstrate strong long-term residential demand and limited supply of high-quality apartment accommodation, underpinning both rental growth and future capital value prospects.
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: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
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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Energy performance certificate - ask agent

Radcliffe Road, West Bridgford, Nottinghamshire, NG2 5BR

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Affordability

Monthly repayments£6,803
Property: £ 1,400,000
Deposit: £ 140,000
Interest rate: 5.05%
Term: 30 years
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About Lester & Bingley Ltd, Mansfield

Unit 2a Sherwood Oaks Close, Mansfield, NG18 4TB

Lester + Bingley is a specialist property consultancy focused on helping investors, developers and institutions maximise the performance of their property assets.

Acting across the UK, we provide strategic consultancy services covering acquisitions, disposals, development opportunities and investment property transactions. Our expertise extends across residential blocks, student accommodation, mixed-use developments, industrial and development land, advising clients at every stage of the property lifecycle.

By combining market knowledge, commercial understanding and a proactive approach, we help clients identify opportunities, mitigate risk and deliver successful property outcomes.

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Disclaimer - Property reference 732412. 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 Lester & Bingley Ltd, Mansfield. 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.

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