Studio flat for sale

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Studio flat for sale

Castle Gardens, Lenton, Nottingham, NG7 1HH
£60,000

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 university students or commuters to the QMC and city centre. The property is situated on the upper ground floor and features an open-plan bedroom/living area with a south-facing balcony, kitchen, and bathroom. It 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 property comes with one allocated car park space and a 60-year lease remaining, with a service charge of approximately £1,500 per annum and ground rent of £200 per annum. The property is being sold by online auction, with starting bids from £60,000 and a buy-it-now option available.