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2 bed property, in The New Alexandra Court, £135,000
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2 bed flat

The New Alexandra Court, Woodborough Road, Nottingham, Nottinghamshire, whats my
£135,000

Our Summary

  • TENANTED INVESTMENT OPPORTUNITY Very well presented two double bedroom ground floor apartment with transport links to the city centre (only 20 minute walk)

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Description

This is a tenanted investment opportunity featuring a well-presented two double bedroom ground floor apartment with easy access to the city centre, just a 20-minute walk away. The property boasts a spacious entrance hallway, open plan lounge and kitchen with modern appliances, two large bedrooms, and a modern shower room. Additional features include secure parking behind electric gates, ample on-street visitor parking, and a garage and allocated parking space.

The property is currently tenanted until July 2025 with a rent of £950 per month, offering an estimated gross yield of 8.4%. The apartment is leasehold with 999 years remaining since 2005, and the annual service charge and ground rent are £2350 and £150, respectively. The property has undergone various works in the last five years, including a new roof, refurbished lift, new intercom and CCTV systems, and newly decorated and carpeted communal areas.