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

  • INVESTMENT OPPORTUNITY

Description

This investment opportunity is a two-bedroom furnished apartment located in the popular Living Quarter development in Nottingham. The property features an open-plan living/dining kitchen with floor-to-ceiling windows overlooking St. Mary's Square, as well as two double bedrooms with built-in wardrobes and two bathrooms. The apartment has been successfully rented since 2006 and has a monthly rental income potential of £1095-£1195, giving an estimated gross yield of 8.4-9.3%. The property is conveniently located just a short walk from Nottingham Tram Link and Train Station, with local amenities nearby. The apartment is leasehold with a 125-year lease from 2006, and the current service charge and ground rent are £640.53 quarterly and £189.90 every six months, respectively.