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2 bed property
Wollaton Road, Beeston, Nottingham NG9
£275,000
Wollaton Road, Beeston, Nottingham NG9
£275,000
Our Summary
- The apartment is in clean and tidy condition with gas central heating served from the combination boiler, double glazing, and could be let immediately, although there is potential to add value by updating some of the fittings
- Offering a potential gross yield of around 9% based on annual income of £25,000, this is a great opportunity for both seasoned property investors and those looking to start a portfolio, and for more information and to view, please contact our Beeston Sales Branch
- Fantastic Investment Opportunity
Description
This freehold mixed-use property in Beeston town centre offers a unique investment opportunity. The ground floor is currently let to a barbers on a five-year lease, generating an annual income of £13,000, rising to £15,000 in 2028. The first and second floors comprise a self-contained two-bedroom duplex apartment, currently vacant and with potential income of £900 per month. The property offers a potential gross yield of around 9% and is suitable for both seasoned investors and those starting a portfolio. The commercial space has approximately 46 square meters of internal space, including a retail area, staff toilets, and kitchen, with a cellar and rear yard. The residential element is accessed from a shared pedestrian alleyway and has a potential income of £10,800 per year. The property requires some updating, but offers a great opportunity for those looking to add value and generate a strong return on investment.