Marmion Road, Nottingham, NG3

GUIDE PRICE: £100,000 - £120,000

GOOD INVESTMENT OPPORTUNITY & NO CHAIN…

Offered to the market with no upward chain and a tenant in situ until June 2027, this two-bedroom ground-floor apartment presents an attractive investment opportunity, currently generating £800 per calendar month, equivalent to £9,600 per annum. Based on the advertised price range, this represents an approximate gross annual rental yield of between 8% and 9.6%. Situated within a secure gated development, the property benefits from an allocated parking space and is conveniently positioned within easy reach of Nottingham City Centre, local amenities, universities and excellent transport links. The accommodation comprises a private entrance hall, two bedrooms, a modern three-piece bathroom suite and a spacious open-plan living and dining area, providing plenty of room for relaxing and entertaining. The adjoining fitted kitchen features a range of modern units and work surfaces, an integrated oven and hob, and space for further appliances. Outside, residents have access to a shared paved courtyard and communal lawned gardens surrounded by mature trees and established greenery. The development also provides secure gated access and an allocated parking space for added convenience. Early viewing is highly recommended.

MUST BE VIEWED

Entrance Hall

5.91m x 1.03m

The entrance hall has carpeted flooring, a wall-mounted electric heater, an in-built cupboard, a wall-mounted security intercom system, and a single door providing access into the accommodation.

Living Room

2.82m x 5.07m

The living room has wood-effect flooring, a TV point, space for a dining area, and full height UPVC double-glazed windows. Additionally, there is open access into the kitchen.

Kitchen

2.21m x 2.53m

The kitchen has a range of fitted base and wall units with rolled-edge worktops, a stainless steel sink with a swan neck mixer tap and drainer, an integrated oven with an electric hob and extractor hood, wood-effect flooring, tiled splashback, space and plumbing for a washing machine, space for a fridge freezer, and a UPVC double-glazed window.

Master Bedroom

2.53m x 3.92m

The main bedroom has a UPVC double-glazed window, carpeted flooring, and a wall-mounted electric heater.

Bedroom Two

3.92m x 1.95m

The second bedroom has a UPVC double-glazed window, carpeted flooring, and a wall-mounted electric heater.

Bathroom

2.07m x 1.71m

The bathroom has concealed dual flush WC combined with a vanity unit wash basin and fitted storage, a P-shaped bath with a wall-mounted electric shower fixture and a curved shower screen, partially tiled walls, vinyl flooring, a chrome towel rail, and an extractor fan.

LEASEHOLD INFORMATION

Property Tenure is Leasehold. Term: 125 years from 1 January 2003 - Term remaining 102 years | Service Charge in the year marketing commenced (£PA): £2,035.72 | The ground rent is £399 per annum for the first 25 years of the lease, payable in half-yearly instalments of £199.50. This increases to £750 per annum for the second 25-year period, with further increases scheduled every 25 years thereafter in accordance with the terms of the lease. Buyers are advised to confirm the full ground rent review provisions and any implications with their mortgage lender and solicitor before proceeding. We have checked the most recent statement for ground rent and service charge and have obtained the lease length via the Land registry. HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase. The information will be confirmed by your solicitor via the management pack.

CURRENT TENANCY INFORMATION

Please Note: The property is currently let under a company lease commencing on 22 June 2026, with an initial fixed term ending on 21 June 2027 and provisions for automatic renewal. The property is being sold subject to the existing lease and any lawful occupational arrangements granted by Houzly Limited. Vacant possession is not currently available or guaranteed. Prospective purchasers must satisfy themselves through their solicitor regarding the terms of the lease, the occupational arrangements and the implications for their intended use and mortgage requirements.

ADDITIONAL INFORMATION

Broadband Speed - Ultrafast available - 330 Mbps (download) 50 Mbps (upload) | Phone Signal – Mostly Good 4G / 5G coverage | Electricity – Mains Supply | Water – Mains Supply |
Heating – Electric Central Heating | Sewage – Mains Supply | Flood Risk – No flooding in the past 5 years+ | Flood Risk Area - Low risk for surface water / very low risk for rivers & sea | Construction – Brick | Mining Area – The property is situated within a coal-mining reporting area. | Accessibility – Unsure | Other Material / Safety Issues – No known safety issues have been disclosed by the seller. | Any Legal Restrictions – No | Council Tax Band Rating - Nottingham City Council - Band A |

DISCLAIMER

HoldenCopley, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and HoldenCopley have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.

Parking - Secure gated