Studio flat for sale

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Studio flat for sale

Castle Gardens, Lenton, Nottingham, NG7 1HH
£55,000

Our Summary

  • Investment opportunity
  • Being Sold by Online Auction
  • This property is for sale by Modern Method of Auction
  • The Modern Method of Auction is a flexible buyer friendly method of purchase
  • Being sold through goto online auction

Description

This studio apartment is an investment opportunity located in Lenton, Nottingham, ideal for students or commuters. The property is situated on the upper ground floor with a south-facing balcony, open-plan bedroom/living area, kitchen, and bathroom. It comes with one allocated parking space in a gated car park. The property has been successfully rented for years, with the most recent tenant paying £750 per month, offering a nearly 13% yield if purchased at £70,000. The lease has 60 years remaining, and the service charge and ground rent are approximately £1,500 and £200 per year, respectively. The property is being sold by online auction, with starting bids from £60,000 and a buy-it-now option available.