- Buy-to-let property investment +
- Being sold with the current tenants in situ +
- Annual rental income of £15,000 with potential to achieve £16,500 +
- 250 year lease as of 2017 +
- Current gross yield of 6.88% with potential to achieve 7.6% +
- Contemporary design and modern finish resulting in high tenant demand +
Hounds Gate, Nottingham, NG1 7AB
Asking Price: £195,000
Current Rental Income: £1,250pcm (£15,000 per annum)
Ground Rent: £300 per annum
Service Charges: £1,294 per annum
Lease: 250 years from January 2017
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Investment Opportunity
This stunning 2-bedroom, 2-bathroom apartment in the highly sought-after Hounds Gate Court presents an ideal investment opportunity. Sold with sitting tenants, the property is currently achieving a rental income of £1,250 per calendar month, offering immediate returns for the discerning investor.
Net Annual Income:
* Rental income: £15,000
* Less ground rent: £300
* Less service charges: £1,294
Net income: £13,406
Yield Calculation:
* Net Yield: 6.88% based on asking price of £195,000
This makes 37 Hounds Gate a strong addition to any property portfolio, combining a high-quality build with excellent rental returns in a prime Nottingham location.
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Property Features
* 2 double bedrooms, master with en-suite
* Family bathroom
* Spacious living/dining area, filled with natural light
* Luxury fitted kitchen with appliances
* Neutral tones and stylish furnishings throughout
* Contemporary design and modern finish
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Additional Information
* Lease: 250-year lease from January 2017
* Ground Rent: £300 per annum
* Service Charges: £1,294 per annum
Hounds Gate Court is a sought-after development, offering stylish, contemporary apartments in a prime central Nottingham location, popular with professionals and students alike.
With a long lease, attractive rental income, and sitting tenants, this apartment represents a secure and immediate investment return.
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Let Pure Investor Take The Strain .....
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