Flat for sale in Aberdeen Street, Nottingham NG3

Fhp Student Living exclusively offer this residential / student investment opportunity
2 x 2 bedroom apartments let for the current academic year, seeking tenants for 24/25
Annual income in the region of £23,616 pa exc bills (£123 pp pw on 48 week AST)
Yield of 8.8% exc bills

Fhp Student Living are delighted to offer a residential investment offering 2 x 2 bedroom apartments, rented for £23,616 per annum exc bills. The properties are both rented for £123 pp pw exc bills on 48 week leases.

The property comprises a substantial building with accommodation arranged on ground and two upper floors constructed by the owners in circa 2002 fronting onto Aberdeen Street. The flats are spacious and located in an area that has recently undergone significant regeneration at Sneinton Market with significant pbsa presence on Huntingdon St and Lower Parliament St, as well as current regeneration of the Island Quarter

Nottingham is a major provincial city with significant student population estimated in the region of 85,000 across 2 Universities, that both regularly feature in the top 50 across the UK.

The apartments consist of 2 double bedrooms, sharing a single bathroom and an open plan kitchen, living and dining area. Flat 3 benefits from an additional study / single bedroom and are rented exclusive of bills to students.

We have been informed that the flats are being sold as a share of the freehold and that new owners will become shareholders in the management company of the building, with the remaining owners of the 4 further flats and ground floor retail unit. Full information on this can be made available upon request.

Asking Price - £280,000
Yield 8.8% exc bills

Contact fhp Student Living to book your viewing.