5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

109 Forest Road West, Arboretum, NG7 4ER
£525,000

Our Summary

  • Residential investment opportunity

Description

The property is a four-storey Victorian terrace located on Forest Road West, approximately one mile northwest of Nottingham city centre and near Nottingham Trent University's city campus. The property has been fully refurbished in 2019 and comprises five one-bedroom, self-contained flats, each with an open-plan kitchen/living room, bedroom, and bathroom/WC. The flats are accessed via a communal staircase, except for the lower ground floor flat which has its own separate entrance. The property is available for sale on a freehold basis with no occupancy restrictions or unusual covenants, and is currently let to tenants under Assured Shorthold Tenancies. The total current gross rental income is £44,400 per annum, and the property is available for purchase at a guide price of £525,000.