Auction Property House - Terraced 

Birkin Avenue, Nottingham

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Features

  • Auction Date: 27 & 28 January 2021
  • Current rent £18,720 pa
  • Readymade freehold investment
  • Tenants in situ
  • Approx. gross yield 9.35%
  • Good transport links
  • Three Storey Terrace House
  • Close to local amenities
  • Sub divided to form two flats
  • Rear access to upper floor flat

Address

105 Birkin AvenueNottinghamNottinghamshireNG7 5BL
Details
EPC
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Property Details

•For Sale By Online Auction: 27th & 28th January 2021
•Income producing residential investment
•Current gross rental income of £18,720 pa
•Gross yield of approx. 9.35%
•2 x self-contained flats in converted mi-terrace
•Relevant licenses in place

Located on the west side of Birkin Avenue close to the junction of Gregory Boulevard in the Radford area of Nottingham. The immediate vicinity hosts a good range of local amenities including an Asda Superstore, a health centre along with a wide range of local independent retailers. The NET transport stop is located just 400 metres from the property and provides access to Nottingham city centre within 10 minutes.

The down stairs flat is entered via the front door, to the ground floor there is a kitchen and bedroom with en-suite bathroom.

The second flat is accessed via a metal staircase from the rear of the property, the second flat is located on the first and second floor and comprises two bedrooms / lounges with shared kitchen and bathroom facilities.

The property also benefits from having full double glazing, a full fire alarm system and emergency escape lighting.

Outside of the property enjoys unrestricted on street parking and a rear yard that also can provide private access to the ground floor unit.

Investment Analysis

The property is currently let to three individuals producing £1,560 pcm/ £18,720 per annum.

Representing a gross yield of 9.36%.

Ground floor flat pays their own council tax.

Accommodation

Approximate. Gross internal area of circa 75.92 sq m/ 817 sq ft

Ground Floor Flat:
Bedroom - 4.38 x 3.04
En-suite - 2.07 x 1.18
Kitchen - 1.18 x 2.29

First & Second Floor Flat:
Kitchen - 3.4 1x 4.63
Bathroom - 1.84 x 2.13
Bedroom 1 - 3.4 x 3.37
Bedroom 2 - 3.40 x 3.44

Measurements in sq m

Services

We understand the property to have mains electricity, water and drainage. Prospective purchasers are advised to make their own enquiries.

Tenure

Freehold

Guide Price

£200,000

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2% (min. £3,600) inc. VAT

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