The Living Quarter, 2 St. Marys Gate... 2 bed apartment for sale

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The Living Quarter, 2 St. Marys Gate... 2 bed apartment for sale

The Living Quarter, 2 St. Marys Gate, Nottingham, Nottinghamshire, NG1 1PF
£155,000

Our Summary

  • Ideal investment opportunity or buy to live

Description

This two-bedroom furnished apartment is located in the popular Living Quarter development in Nottingham, just a two-minute walk from the tram link and 10 minutes from the train station. The property features an open-plan living/dining kitchen with floor-to-ceiling windows overlooking St. Mary's Square, two double bedrooms with built-in wardrobes, and two bathrooms, including an en-suite shower room in the master bedroom. The kitchen is equipped with integrated appliances, including a cooker, washer/dryer, fridge freezer, and dishwasher. The property has been rented since 2006 and has a potential monthly rental income of £1095-£1195, giving an estimated gross yield of 8.4-9.3%. The property is leasehold with a 125-year lease from 2006, and the current service charge is £640.53 quarterly, with a ground rent of £189.90 every six months.