Flat for sale in Russell Street, Nottingham NG7

£70,000
Interested in this property? Call +44 115 774 8840 * or Request Details

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Flat for sale - 1 bedroom

1 1 1

Tenure:
Leasehold
Time remaining on lease:
241 years
Service charge:
£1,180 per year
Ground rent:
Not available
Council tax band:
Not available

Property features

  • Ideal Investment Opportunity
  • Approx. 12% Yield
  • Short Stay Studio Suite
  • Beautiful Conversion With Character
  • Excellent Location
  • Cash Buyers Only

Property description

***attention investors*** A well presented studio suite available in the Trivelles Short Stay Serviced Accommodation Complex. Making the perfect investment the property with an approximate 12% yield. Offering charm and character with exposed brickwork and large windows there are onsite facilities for guests with a concierge desk, gym & café.

***attention investors*** A well presented studio suite available in the Trivelles Short Stay Serviced Accommodation Complex. Making the perfect investment the property with an approximate 12% yield. Offering charm and character with exposed brickwork and large windows there are onsite facilities for guests with a concierge desk, gym & café.

Open plan studio area 15' 2" x 13' 9" (4.62m x 4.19m) The open plan studio area has a kitchenette with high and low level units with a rolled edge worktop over incorporating a stainless steel sink, microwave and mini-fridge. There is a wardrobe unit, iron & ironing board, desk & chair, wall mounted TV and a double with mattress, linens and wall mounted bedside tables. The suite blends a contemporary finish with original features such as the exposed brickwork and two large factory windows.

Shower room Comprising of a walk in shower enclosure with a mains fitted mixer bar shower, low flush w.c, corner vanity wash hand basin, ceramic floor and wall tiling and fitted ceiling spotlights.

Location The property is situated on this fringe of the City Centre with an array of amenities within walking distance and just a short distance from the heart of Old Market Square. The property also affords easy access to the Nottingham Trent University City Centre campus. On road parking is available.

Investment The property represents an approximate yield of 12% having achieved an income of £9,607.10 for the 2022 calendar year. The management company retains 10% of the income as management fee and the service charge is approx. £1,180 per annum.

Property info

Floorplan(s): Floorplan 1

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For more information about this property, please contact
Martin & Co Nottingham, NG1 on +44 115 774 8840 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Martin & Co Nottingham, and do not constitute property particulars. Please contact Martin & Co Nottingham for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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