Studio Flat For Sale £40,000
Avalon Court, Kent Street, Nottingham NG1

Avalon Court is a beautiful renovation. The development provides boutique student living in the heart of Nottingham.

The developments boasts a host of extra amenities for residents including fob access, a movie projector, reading room, modern gymnasium, laundry facilities and a free Wi-Fi as well as wall mounted LCD televisions.

Inside there is CCTV in all communal areas and the electronic key fobs mean only resident students can enter and leave the property. In addition, secure bike storage encourages students to get around town in a healthy and environmentally friendly way.

Experienced block management agents Fortis has a national presence, managing both student and residential accommodation in Bolton, Glasgow, Leeds, Manchester, Nottingham, Sheffield and Plymouth and come highly regarded by investors and tenants alike.

Financial Breakdown

Gross rent: £7,590
Ground rent: £295
Service charge: £3,253
Lettings fees: £1,002
Net income: £3,040
Gross yield: 18.98%
Net yield: 7.6%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-11907