6 bedroom end of terrace house for salePeveril Street
Withdrawn from Market
- Let until Summer 2019
- £26,496 per annum for 17/18 academic year
- £27,600 per annum for 18/19 academic year
- Separate living room
- Gas central heating
- PVC windows
- Two car parking spaces
- Fully fitted kitchen
- Service Charge £800 pa
The Property: The property comprises and end of terrace purpose build building erected probably approximately 80/90 years ago.
The property is therefore a period building with 9 and 10.5 inch cavity brick work, together with solid and boarded floors to the upper parts.
The accommodation is arranged on ground, first and second floors and is totally self-contained. At ground floor level there is a lounge with wall TV, fully fitted kitchen and separate shower unit.
There is a mezzanine floor with one bed. The first floor consist of two beds, one large and a smaller one, together with shower unit.
On the second floor there are three further double bedrooms and a shower unit with bathroom.
The property is fully fitted with PVC windows and full gas fired hot water and central heating. The property has the benefit of two car spaces.
Loaction: Nottingham is a major provincial city and has an urban population of approximately 275,000 and a leisure catchment of 750,000 persons. Nottingham is home to both Nottingham University (a Russel Group University) and Nottingham Trent University.
Peveril Street is well located for the City Centre as well as just off the main arterial road (A610). The property is primarily suitable for occupation by students at Nottingham Trent University.
Close by on Alfreton Road a major development is being planned of 310 apartments and 998.21m² (10,745ft²) of retail. There will be 81 apartments in an 8 storey building facing Alfreton Road, together with ground floor retail, with the remaining 229 apartments and town houses along with 65 car spaces towards the rear of the site. In our opinion this will considerably enhance this area and location including Peveril Street. The location is well supported by a number of bus networks and local eating and shopping facilities on Alfreton Road close by.
The property forms part of a larger development undertaken 13 years ago of a similar type of appearance and instruction.
Income: The property is let on 1 AST from 1 September 2017 for a term of 48 weeks at a rental of £25,622 per annum. This is calculated on the basis of the rate £92 per person, per week. We are advised that the current outgoings are £2,000 for utilities, Virgin Media and TV Licence. The property is also let for the 2018-19 academic year on a 50 week AST providing a total rent of £27,600
There is an annual service charge for £800 per annum, for the maintenance of exterior communal areas & weekly commercial waste collection.
VAT is not applicable on this transaction.
For further information, please contact:
Noel Roper - 0771 121 1511 / firstname.lastname@example.org
Jonty Green - 0791 746 0030 / email@example.com
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