• Second floor apartment +
• Two bedrooms +
• Open plan living kitchen +
• Bathroom with electric shower +
• Close to the City Centre +
• Great investment opportunity +

INVESTMENT OPPORTUNITY!! A second floor apartment, forming part of a modern block close to the Forest Recreation Ground, local tram stop also the City Centre. Within the immediate vicinity is a wide variety of shopping facilities and local independent retailers, including a Sainsbury’s local. The property is currently let and is being sold with the tenant in situ. Rental income is £725 PCM, representing a yield of 7.5% (at current asking price).

Overview - Accommodation consists of an entrance hallway, a spacious living kitchen with integrated oven and hob, two bedrooms and a bathroom with white suite and electric shower. The property also has UPVC double glazing and gas central heating with a combination boiler.

Entrance Hall - With entrance door from the communal landing, laminate flooring, radiator and doors to all rooms.

Living Kitchen - The kitchen area has a range of units with polished marble effect worktops and an inset one-and-a-half bowl stainless steel sink unit and drainer. Integrated brushed steel electric oven, four ring electric hob and filter hood and plumbing for a washing machine. Concealed combination gas boiler, laminate flooring and two UPVC double glazed front windows.

Bedroom 1 - UPVC double glazed rear window and radiator.

Bedroom 2 - UPVC double glazed rear window and radiator.

Bathroom - Consisting of a bath with glass screen, electric shower and tiled surround, dual flush toilet and pedestal wash basin. Electric shaver point, extractor fan and radiator.

Outside - The building stands within communal and maintained grounds and is subject to management fees and ground rent.

Useful Information - TENURE: Leasehold
LEASE DETAILS: 125 years from July 2007
GROUND RENT: £225.00 - to be reviewed on: (TBC)
SERVICE CHARGE: £1420.00 - to be reviewed on: (TBC)

COUNCIL TAX: Nottingham City Council - Band A

OTHER INFORMATION:
The property is situated within the Nottingham City boundary and will most likely require a Selective License for the purpose of letting it.
Please note that a Selective License is non-transferable, therefore if one is already in place any new landlord of the property would need to apply for a new license. You can find more information about the scheme and associated costs on the Nottingham City Council website by searching for Selective Licensing.