Studio Flat For Sale, Minerva House, Spaniel Row, Nottingham NG1

Description

**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

This self-contained studio apartment is situated on the fourth floor of the popular development Minerva House. The apartment comes fully furnished to the highest standard with a fitted kitchen, study area and en-suite. Residents of Minerva House can enjoy a thriving community atmosphere in their new home thanks to the range of bespoke communal facilities in the building, including an entertainment lounge (complete with TVs and pool tables), a fully equipped gymnasium, communal laundry facilities and secure bicycle storage. In addition, free broadband is offered throughout Minerva House, so connectivity is always freely accessible for its student residents.

Minerva House is ideally located within walking distance of Nottingham Trent University and only a short bus ride away from the University of Nottingham. Being situated right in the heart of the city means that students have access to fantastic transport links, as well as all of the bars, restaurants and clubs that are popular with the student population.

Nottingham is a busy city, host to a state-of-the-art tram system and extensive bus service, meaning it is extremely popular with the tenants – making Minerva House a great option for investors looking for a good return. The University of Nottingham is home to 27,209 students & Nottingham Trent University is home to a further 22,070 students. With such a high student population, 78.9% of students cannot be accommodated by student halls on campus, meaning they search for other housing options such as Minerva House.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £7,370
Ground rent: £250
Service charge: £2,133
Lettings fees: £973
Net income: £4,014
Gross yield: 15.85%
Net yield: 8.63%

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-16474

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Studio Flat For Sale £52,000 Minerva House, Spaniel Row, Nottingham NG1

Studio Flat For Sale £52,000
Minerva House, Spaniel Row, Nottingham NG1