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£55,000
Hounds Gate, Nottingham, Nottinghamshire, NG1
- 1 bed
£55,000
- 1 bed
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CASH BUYERS ONLY
BRAND NEW TO THE MARKET AND SOLD WITH STUDENT TENANT IN SITU. FOR ACADEMIC YEAR 2022/23 and agreed for 2023/24
This beautifully presented self contained modern studio includes one bedroom space, fitted kitchen, en suite shower room and living/ study space.
The development has a gym, common room and laundry facilities.
Ideal for investor or parents with son or daughter attending university. Note you probably need to be a cash buyer as many lenders do not accept this type of property a security.
Perfect for students of NTU or Nottingham University. Within walking distance of Nottingham's shops, restaurants, bars and clubs.
Located within the city centre and a great investment opportunity.
RENT AGREED FROM SEPT 2022- 2023 is £7395
RENT agreed for sept 2023-4 is £9180. Letting agent charges approx 11% plus vat plus £250 set up fee. Going forward you could let yourself.
service charges approx £2400 currently.
ground rent currently £295 pa, doubling next year.Opportunity to negotiate with landlord on ground rent removal.
In the first instance I can provide a video of the studio just before it was recently tenanted.
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