Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 1 Bedroom
- Annual Rental Income £10,500
- Current Yield 10.5%
- Furnished Let
- EPC Rating: B
- 46 sq m
Description
Tenanted 1 bedroom buy-to-let investment in the heart of Nottingham city centre. This property comprises hallway, open plan kitchen living area, double bedroom, and a bathroom with plumbed shower. The development benefits from having 24 hours concierge, secure call entry system, allocated parking, on site pool and gym.
The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the long-term tenant has been resident since August 2023 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £10,500 representing an immediate yield of 6%. The property is let unfurnished and is sold as seen. The annual ground rent is £250. Annual service charges are £2420.
Nottingham is a city located in the East Midlands approximately 33 miles south-east of Sheffield and 45 miles north-east of Birmingham. The city has a population of circa 320,000. The property is centrally located and benefits from a fantastic array of restaurants, bars, and shopping.