3 bedroom flat for sale

Kilbourn Street, Nottingham, Nottinghamshire, NG3

Under Offer £210,000

Property Description

Full description

Tenure: Leasehold, 123 years remaining

Location

The development is situated at the junction of Kilbourn Street and Huntingdon Street approximately a mile to the north of Nottingham city centre in close proximity to the Nottingham Trent University.

The property is situated in a well-established student area and is also within 1/4 of a mile of the principal Nottingham Trent University campus.

Description

The development comprises a block of 6 flats which forms the final phase of a larger development of the whole of the southern frontage of Kilbourn Street and the junction with Huntingdon Street.

The block is of four storey construction with the subject flat being situated on the ground floor. Each bedroom benefits from an en-suite bathroom and a communal kitchen/diner with built in appliances to include cooker, oven/hob, fridge freezer and washing machine.. The letting for the 2018-19 academic year is on an inclusive of bills basis.

Rental

The property has been let for the 2019/20 academic year at a rental of £125 per person per week on a 50 week tenancy to include bills excluding internet.


Tenure

The property is to be sold long leasehold on the basis of a 125 year lease with approximately 123 years remaining at a peppercorn rental. There will also be a service charge provision for the upkeep of the communal areas, however, on the basis this is a new development with full NHBC insurance we envisage this will be minimal.

Price

Offers in the region of £210,000 sought for the long leasehold interest

Redevelopment of Kilbourn Street

As highlighted above, the properties form the final phase of the redevelopment of the southern frontage of Kilbourn Street. Once completed the entire development will total 107 student beds in 15 houses and 10 apartments.

Since the first phase was completed, the development has been 100% let with rental growth from £106 per person per week for the 2015/16 academic year, through to the current rents being achieved of £125 per person per week.



More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
10 July 2019

Nearest stations

  • Nottingham Trent University (0.4 mi)
  • High School (0.5 mi)
  • Royal Centre (0.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Oak Property Consultants, Nottingham

34 Shakespeare Street, Nottingham, NG1 4FQ

0115 798 0076 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans

View in fullscreen
Master Floorplan Image
Master Floorplan Image

To view this property or request more details, contact:

Oak Property Consultants, Nottingham

34 Shakespeare Street, Nottingham, NG1 4FQ

0115 798 0076 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Nottingham Trent University (0.4 mi)
  • High School (0.5 mi)
  • Royal Centre (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Oak Property Consultants, Nottingham

34 Shakespeare Street, Nottingham, NG1 4FQ

0115 798 0076 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference MCflat16kilbourn. 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 Oak Property Consultants, Nottingham. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.