8 bed Flat For Sale £800,000
North Sherwood Street, Nottingham, Nottinghamshire, NG1

Full description

Location

The property is located at the junction of North Sherwood Street and Shakespeare Street, above The Orange Tree pub. The property sits adjacent to the main Nottingham Trent University campus along with Nottingham City Centre.

Description

The property comprises the upper floors above The Orange Tree public house which have been converted to provide 8 self-contained one bedroom/studio flats. The building is Grade II Listed. The units are furnished to a high standard and a typical floor plan is set out overleaf. All fixtures and fittings will be included in the sale.

A full tenancy schedule is overleaf, detailing the income from the various parts, but overall the property produces a gross rental for the 2017/18 academic year of £50,500.

Tenure

The property will be sold via a long leasehold interest with 112 years remaining with a ground rent of £2,000 per annum being paid. All of the residential tenancies are let on an exclusive of bills basis.

Price

Offers in the region of £800,000 are sought for the long leasehold interest subject to the tenancies.