Auction Property 1 Bed Flat 

Denison Street, Nottingham

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Features

  • Auction Date: 23rd & 24th September 2020
  • Guide Price: £55,000+
  • One bedroom first floor flat
  • Ideal buy to let investment
  • Currently let at £400 pcm (£4,800 per annum)
  • Current gross yield of 8.73%
  • Open plan living area
  • Approx. 45.54 Sq. M / 490 Sq. Ft
  • Close to Nottingham City Centre and Queens Medical Centre
  • Excellent transport links and local amenities

Quick Details

1 Bedroom1 Reception1 Bathroom

Address

37 Denison StreetNottinghamNottinghamshireNG7 3PH
Details
EPC
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Property Details

•For Sale By Online Auction: 23rd & 24th September 2020
•Guide Price: £55,000+
•One bedroom first floor flat
•Tenanted: Income of £400 pcm (£4,800 per annum), Gross yield of 8.73%
•Leasehold – Approx. 111 years remaining

•For Sale By Online Auction: 23rd & 24th September 2020
•Guide Price: £55,000+
•One bedroom first floor flat
•Tenanted: Income of £400 pcm (£4,800 per annum), Gross yield of 8.73%
•Leasehold – Approx. 111 years remaining

This one bedroom first floor flat is located conveniently within close proximity to Nottingham City Centre, Universities and Queens Medical Centre.

The property enjoys open plan living room and kitchen, comprising fitted base and eye level units, stainless steel sink, and extractor fan with appliances including a washing machine and freestanding hob and oven. There is one double bedroom and bathroom, which includes three-piece suite and part tiled walls.

Externally, there is gated access to the property and benefits parking available within the front courtyard.

Accommodation

Kitchen/diner – 3.88m x 4.79m
Bedroom – 3.03m x 3.86m
Bathroom – 2.12m x 1.83m
Total - 45.54 Sq. M / 490 Sq. Ft

Investment Analysis

The property is sold as a ready made investment with a tenant in occupation. The tenant has been residing in the property for over 3 years and wishes to remain in the property.

The property is currently let for £400 pcm (£4,800 pa), representing a gross annual yield of 8.73% based on the guide price. We believe the property to be under rented at the present time.

Services

We understand the property has mains gas, electricity, water, and drainage. However, interested parties are advised to carry out their own enquiries.

Tenure

Leasehold – 125 years from April 2006.

Guide Price

£55,000+

Buyer’s Premium

2% (min. £3,600) inc. VAT.

Sell Your Property

If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion

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