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1 bedroom apartment for sale
Hounds Gate, Nottingham, Nottinghamshire, NG1
£145,000
Hounds Gate, Nottingham, Nottinghamshire, NG1
£145,000
Our Summary
- INVESTMENT OPPORTUNITY | TENANTED BUY-TO-LET 12 Drapers Bridge, Nottingham City Centre, £145,000 | 7
- 8% Tenancy Status: Let with tenants in situ - immediate income stream Lease: 250 years Ground Rent: £125 per annum Service Charges: £1,452 per annum ________________________________________ PROPERTY HIGHLIGHTS Specification: * One spacious double bedroom * One modern bathroom with walk-in shower * Open-plan living, kitchen, and dining area * High-quality contemporary finish throughout * Integrated kitchen appliances (fridge/freezer, dishwasher, washer/dryer) * Abundant natural light * First-floor apartment with lift access * Well-maintained communal areas Investment Advantages: * EWS1 Exempt - No cladding concerns ensuring smooth mortgage processing and future saleability * Tenants in Situ - Immediate rental income from day one, no void period * 250-Year Lease - Excellent security for long-term capital growth * Turnkey Investment - No refurbishment required, ready to generate returns immediately * Professional Finish - High specification appeals to quality tenants, reducing void risk * Sought-After Development - Well-managed building with strong tenant demand ________________________________________ FINANCIAL OVERVIEW Income/Expenditure Annual Amount Rental Income £10,680 Ground Rent (£125) Service Charges (£1,452) Net Operating Income £9,103 Net Yield 6
Description
This is an investment opportunity in a tenanted buy-to-let property located in Nottingham City Centre. The apartment has one spacious double bedroom, one modern bathroom, and an open-plan living, kitchen, and dining area. The property is fully furnished and has a high-quality contemporary finish throughout. The current rental income is £890 per month, generating a gross yield of 7.4%. The potential rental income is £950 per month, with a potential yield of 7.9%. The property has a 250-year lease, with a ground rent of £125 per annum and service charges of £1,452 per annum. The property is let with tenants in situ, providing an immediate income stream. The investment also offers a comprehensive lettings and property management service, ensuring a single point of contact for landlords and minimizing costs and maximizing efficiency.