Block of flats for sale in Mansfield Road, Nottingham NG5

For sale, residential block investment with reversionary rents

Location
The property is located in Sherwood, on Mansfield Road, which is one of the main arterial roads out of Nottingham. Local amenities for the area are good, as the area acts as a local shopping centre midway between the city centre and Arnold.
This property is situated in a densely populated residential area where there is a very strong demand for residential rented accommodation.
Description
There are 8 2x2 bedroom apartments situated above the parade. Access to the flats is via the service yard at the reaar of the property. Flat 1's demise comes with a garage.
Price Offers in the region of £825,000 for the long leasehold interest. This represents a low capital value of £127.43 psf, which is less than replacement cost.
The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.
VAT The premises are not elected for VAT
EPC Rating D Rating
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.