End of terrace house in Nottingham

116 Nottingham Road, Nottingham NG7 7AH
  • Lot No: 98
  • Property Type: End of terrace house
  • Contract Type: Split fee

Guide Price* £110,000+ plus fees

Property Description

***SUPERB FREEHOLD INVESTMENT*** Offered for sale at an appealing guide price, is a particularly attractive three storey period end town house, sub-divided into three self-contained one bedroomed studios, occupying a strong letting location, conveniently positioned for the city centre. In our opinion when the property is fully let, we would estimate a combined gross rental income of in excess of £20,000 per annum. This represents an impressive 18.1% return based on the guide price. Internally there are some minor improvements required, however it has the benefit of being uPVC double glazed and gas centrally heated. Outside to the front there is a small fore-court and to the rear a yard with steps leading down to an enclosed garden.

Communal Entrance Hall

Leading to -


Flat One

Comprising -


Entrance Lobby

7ft 5 x 3ft 1


Bathroom

6ft 5 x 4ft 8


Bedroom/Lounge

15ft into bay x 11ft 4 into chimney recess


Kitchen

10ft 6 x 9ft 3


Rear Lobby

With stairs and door to rear.


First Floor - Flat Two

Comprising -


Entrance Lobby and Inner Hall

Leading to -


Kitchen

9ft 8 x 6ft


Bathroom

6ft 4 x 6ft


Bedroom/Lounge

16ft 4 into bay x 12 ft 1


Second Floor - Flat Three

Comprising -


Entrance Hall

Not measured


Kitchen

12ft 8 x 6ft 1


Bathroom

9ft 4 max x 6ft


Bedroom/Lounge

15ft 6 max x 9ft 7


Council Tax Band

Each studio flat is banded A for council tax purposes.


Tenure

Freehold