Location
The property is situated within an established student area of Nottingham and approximately ½ a mile from the main Nottingham Trent University campus. In addition Nottingham City Centre is a short distance away.
Surrounding uses are a mixture of private residential with the majority having been let to students. In addition Homes for Students have a purpose built student block at the end of Russell Street.
Description
The property comprises a 2 bedroom flat which is situated on the third floor of a purpose built block, the property has recently been refurbished throughout including the installation of a new boiler.
Accommodation
In summary the property comprises a lounge/kitchen with dinning area, 2 bedrooms with a bathroom. Floor plans are overleaf.
Tenure
The property is held via a long leasehold interest for a term of 99 years from 15/11/2006 with a ground rent of £250 per annum.
Rent
The property has been let for the 2024/25 academic year at a rental of £162 per person per week on a 48 week contract producing a gross rental of £15,552..
The lease is on an inclusive of bills basis with a cap of £33 per person per week for the utilities.
Service Charge
A service charge of £1,220.32 per annum is due for the upkeep of the external and communal areas. The landlords buildings insurance is currently £728.31 for the year.
Fixtures and Fittings
All landlords fixtures and fittings are included in the sale with a list of these available upon request..
Price
Offers in the region of £120,000 are sought for the benefit of the long leasehold interest subject to the tenancy detailed above.