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16 bedroom apartment for sale

The Axis, Wollaton Street

Withdrawn from Market £1,450,000

Property Description

Key features

  • Rare Opportunity
  • Sought After Development
  • 8x Apartments Available
  • Only 19x Apartments In Block
  • Offered Furniture Inclusive
  • All Two Bedroom Two Bathroom
  • Allocated Space For Each Apartment
  • 7.3% Gross Yield
  • Scope For Further Income
  • High Quality Finish

Full description

Tenure: Leasehold

Martin & Co are pleased to present this rare opportunity to acquire 8x apartments in the sought after Axis development. Located in a prime, City Centre location these excellent investment opportunities are all currently let out at premium rental figures.

All 8, duplex apartments have a high quality finish throughout including granite worktops and AEG appliances in most apartments, all come with an allocated gated parking space and many have spectacular views across the City Centre.

The Axis development is a small development of 19 penthouse apartments locate don the 5th floor of the building. There is lift access and all properties have an intercom system. For security, access to the building is by a fobbed entry system.

Representing a gross yield the apartments are currently let out and achieve an annual rental income of £100,200.

Service Charge £14800.16 PA
Ground Rent £1600.00 Pa
Leasehold 115 years
Estimated Rental £8350.00

Whilst there are some slight variations on the sizes and layout of each unit please find below dimensions for one of the units for a guidance:

Open Plan Lounge/Kitchen - 23'05" x 17'0"
Bedroom 1 - 14'6" (reducing to 10'2") x 8'10"
Bedroom 2 - 9ft'7" x 7'10"

Property may be subject to Selective Licensing as from August 2018. Please see the following link for further information:

https://www.nottinghamcity.gov.uk/housing/private-sector-housing/selective-licensing
 

APARTMENT ONE Two Bedroom, Two Bathroom, Duplex Apartment with Balcony. Currently let out for £1,050pcm.  

APRTEMNT TWO Two Bedroom, Two Bathroom, Duplex Apartment with Balcony. Currently let out for £1,050pcm 

APARTMENT THREE Two Bedroom, Two Bathroom, Duplex Apartment with Balcony. Currently let out for £1,050pcm 

APARTMENT FOUR Two Bedroom, Two Bathroom, Duplex Apartment with Balcony. Currently let out for £1,050pcm 

APARTMENT FIVE Two Bedroom, Two Bathroom, Duplex Apartment with Balcony. Currently available to let for £1,050pcm 

APARTMENT SIX Two Bedroom, Two Bathroom, Duplex Apartment with a larger lounge/diner. Currently let out for £1,000pcm 

APARTMETN SEVEN Two Bedroom, Two Bathroom, Duplex Apartment with Balcony. Currently let out for £1,050pcm 

APARTMENT EIGHT Two Bedroom, Two Bathroom, Duplex Apartment with Balcony. Currently available to let for £1,050pcm 

Please note that the apartments numbers are for differentiating each unit and are not representative of the actual unit numbers for sale. All photos are of an example interiors from some of the units available. 


Listing History

Added on Rightmove:
21 September 2018

Map & Street View

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