Alfreton Road, Nottingham, Nottinghamshire, NG7
Property description
Tenure: Leasehold, 112 years remaining
The property is located at the junction of Wood Street and Alfreton Road approximately 1/2 mile from Nottingham city centre and Nottingham Trent University.
Surrounding uses are a mixture of commercial and residential uses with the area being popular with students.
Description
The property is part of a former pub that was converted to provide 4 self contained flats. The building is of traditional brick construction under a pitched tiled roof with accommodation over the ground, first and second floor.
Floor plans are set out overleaf with full dimensions. The property is let furnished and all landlords' fixtures and fittings will be included in the sale.
Rental
The property has been let for the 2020/21 academic year at £95 per person per week on the basis of a 48 week letting. The gross rent for the current academic year is £13,680. The property is also let for the 2021/22 academic year at a renal of £105 per person per week producing a gross rental of £15,120. Both tenancies are on an inclusive of bills basis.
Tenure
The property is held via a 125 year lease from 2007 with a ground rent of £200 per annum being paid. In addition a service charge of £95 per month is charged.
Price
Offers in the region of £180,000 is sought for the long leasehold interest subject to the tenancy detailed above.
HMO Licence
The property has the benefit of an HMO Licence and further details are available from the agents.
Brochures
Brochure 1Alfreton Road, Nottingham, Nottinghamshire, NG7
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- High School Tram Stop0.4 miles
- Nottingham Trent University Tram Stop0.4 miles
- Royal Centre Tram Stop0.6 miles
About the agent
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Notes
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