House For Sale £250,000
Full description
Tenure: Freehold
Location
The property is located within Wiverton Road in the Forest Fields area of Nottingham. The area is an established residential area of the city due to its proximity to Nottingham City Centre which is located approximately 1/2 a mile away.
Description
The property comprises a mid terraced 3 storey property which has been subdivided to provide 2 self contained flats. In brief Flat A comprises a one bedroom flat at ground floor level and Flat B comprises a five bedroom flat over the first and second floors. Floor plans are available from the agents.
The property is furnished to a high standard and all fixtures and fittings in the flats will be included in the sale.
Rental
The property has been let in its entirety to Notts Relocated Ltd for a term of 3 years from 21st September 2018 without a break. The lease is drawn on a full repairing and insuring basis at a rental of £14,554 per annum. The tenant then sublets the property as permitted by the terms of the lease. As such the rental is a true net rent.
Tenure
The property will be sold freehold subject to the tenancies detailed above.
Price
Offers in the region of £250,000 are sought for the freehold leasehold interest subject to the tenancies.
HMO Licence
The property benefits from the requisite HMO Licence, however, the purchaser would need to apply for their own licence as HMO Licences are not transferable.
