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Price History
Our Summary
- Fully managed, hands-free investment opportunity
- 2% Fully managed, hands-free investment opportunity Leading student management company in place Close proximity to city centre shops and restaurants 250 Year Lease Dual occupancies permitted
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Description
The property, Unit 3-32 Minerva House on Spaniel Row in Nottingham, has an asking price of £50,000 and offers a net rental yield of 10.2%. Located in the heart of the city, it's within a 1-minute walk of the Old Market Square and has close proximity to shops, restaurants, and both universities. The unit is tenanted at £180 per week until 2026, generating a gross rental income of £9,360 per year and annual service charges of £3,109.22.
The property is subject to a 250-year lease, with ground rent of £150 and a remaining lease term of 241 years.