Key Features:
Six en-suite bedrooms fitted with a TV
Modern Fitted Kitchen
Communal space
Outdoor area
Centrally Located in Nottingham
We have a fantastic investment opportunity for the right investor in Nottingham city centre. It is currently operated as a fully licenced HMO with six bedrooms, all of which have an en-suite bathroom. It also boasts a communal area and fitted kitchen.
The property is conveniently positioned in Nottingham city centre, making it very popular with students from both Uni of Nottingham and Trent! It is just a five minute walk into town and around a ten minute walk to bars and restaurants in Hockley/Market Square.
The property was Tenanted during the past year at £145.00 per room, per week. With all six rooms full for fifty weeks of the year, this yielded a return of over £43,000!
It is a freehold property that sits above a business unit, which is also part of the freehold. This unit is leased by a third party and under the terms of the lease you would be entitled to recover a proportion of the building insurance and maintenance costs.
The entrance to the property is located in alleyway to the side, with a secure door leading into the outdoor area. The main door to the property itself is adjacent to this. The first bedroom is on the ground floor, with the stairs opposite leading to the first floor. The first floor contains a further two bedrooms and the kitchen. The second floor has rooms 4-6 and a further staircase leading to the former loft space. This has been converted into a communal area with seating.
EPC Rating - D
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 is a non-refundable £3,600 inc VAT payable upon exchange of contracts.
Call the team on 0115 777 8888 for more information
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
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