TENANTED CITY CENTRE INVESTMENT – Third-floor one-bedroom apartment within the popular Marco Island development, currently let at £750 PCM (£9,000 PA), with approximately 132 years remaining on the lease and an EPC rating of B.
Description
An excellent opportunity to acquire a tenanted one-bedroom apartment within the popular Marco Island development in the heart of Nottingham city centre, providing an attractive ready-made investment with immediate rental income.
Situated on the third floor, the apartment extends to approximately 431 sq ft and comprises an entrance hallway, double bedroom, bathroom and a spacious open-plan kitchen/living area. The accommodation is well presented throughout, with a modern fitted kitchen featuring integrated appliances and a bright, contemporary living space.
The property is currently let at £750 per calendar month, generating a gross annual rental income of £9,000, making this an ideal opportunity for investors looking to acquire an established city-centre buy-to-let.
Marco Island is conveniently positioned for Nottingham city centre and its extensive range of shops, restaurants, bars, universities and transport connections, helping underpin strong ongoing rental demand.
The property is offered leasehold with approximately 132 years remaining and benefits from an excellent EPC rating of B.
Current Rent: £750 PCM / £9,000 PA
Tenure: Leasehold – approximately 132 years remaining
Service Charge: Approximately £1,125 PA
Ground Rent: Approximately £250 PA
EPC Rating: B
Floor: Third Floor
Approximate Size: 431 sq ft
A well-presented, income-producing city-centre apartment offering an attractive ready-made investment opportunity.
Tenure: Leasehold
EPC Rating: B
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3,600 inc vat payable upon the fall of the virtual gavel
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- 1 Bedroom
- Unconditional (Immediate Exchange)
Call the team on 0115 777 8888 for more information
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