Flat for sale in Queens Road, Nottingham NG2
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Property features
- Rental income of £63,900 pa
- 9.1% yield
- 4 x two bedroom apartments and 2 x one bedroom apartments
- Ideal Nottingham City Centre location
- 6 x parking spaces included
- Contact our investment team for more details on this and many other off and on market opportunities
Property description
**portfolio sale - 6 x units at The Hicking Building in Nottingham**
**Current annual Rental Income of £63,900 generating a yield of 9.11%""
**EWS1 in place.**
Vision Properties are delighted to offer this mix of 2 x one and 4 x two bedroom apartments in Nottingham City Centre located in The Hicking Building.
The Hicking Building is one of the largest and most iconic residential developments in Nottingham with over 320 units. The development is made up of four block with a range of studio, one and two bedroom apartments as well as housing the only Hooters bar in the country.
Situated in a fantastic location just across the road from Nottingham Train Station and only ten minutes walk to West Bridgford and City Centre.
Packed with modern fixtures and fittings throughout the portfolio has an estimated value of £780,000 if the units are to be market individually and would therefore generate a turn key capital increase of £80,000!
The sale also includes 6 x allocated parking spaces
Accumulative leasehold costs for the six units:
Ground Rent x 6: £1,375 per annum
Service Charge x 6: £10,404 per annum
Lease years remaining: 110
Net income - £52,120.84 generating a net yield of 7.45%
Property info
For more information about this property, please contact
Vision Properties, Solihull, B93 on +44 121 659 0926 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Vision Properties, Solihull, and do not constitute property particulars. Please contact Vision Properties, Solihull 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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