Property Description

This block of flats is a great investment, currently bringing in a monthly income of £3,945 converting to a yield of 13% against the current guide. The property is currently split into four one bedroomed flats and two, two bedroomed flats. Also a further flat to the ground level was previously used but has been out of use for some years. In brief the property comprises of a side entrance to flats 18a and 18c. To the front of the building allows access to flat 18a, 16 and 16a. To the right of the property there is a secure gated courtyard offering ample parking and the entrance to flat 16b and what use to be 16c. The home is ideally located for amenities and great transport links into the surrounding areas such as Sherwood, Arnold, Mapperley and Nottingham City centre. This property is also a short talk from the City Hospital which also offers the Medi Link bus to the Queens Medical Centre making the home perfect for NHS workers.

Flat 16

Currently let at £550.00 per calendar month. Fitted kitchen/diner, double bedroom and shower room.

Flat 16a

Currently let at £825.00 per calendar month. Entrance on ground floor with stairs leading to first floor, bathroom with separate WC, large kitchen/diner/lounge with two double bedrooms.

Flat 16b

Currently let at £700.00 per calendar month. Side entrance to hallway, kitchen/lounge, double bedroom and shower room.

Flat 18

Currently let at £610.00 per calendar month. Entrance into porch, bay fronted kitchen/diner, lounge, shower room, two bedrooms one with ensuite.

Flat 18a

Currently let at £660.00 per calendar month. Side entrance to shared hallway, kitchen/lounge, double bedroom and shower room.

Flat 18c

Currently let at £600 per calendar month. Side entrance to shared hallway, entrance into hallway, Shower room with separate shower, kitchen/lounge and double bedroom.

Additional Information:

Construction Material: Standard Brick. Heating: Boiler, mains gas / Electric, room heaters. Broadband Coverage: Standard and Superfast are available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.

Tenure

Freehold

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