Studio Flat For Sale, The Express Building, Upper Parliament Street, Nottingham NG1

Description

Net yield of 7.87%! Earn instant income with this already tenanted studio flat located in the heart of Nottingham’s student district.

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

The Express Building is a converted building of what was once the offices of the 'Nottingham Express' newspaper. Watson Fothergill built them in 1875-76. The corner entrance tower was inspired by the work of the architect Burgess. In keeping with the paper's Liberal leanings, the entrance is graced by carvings of the heads of three leading Liberal politicians of the day, Cobden, Gladstone & Bright.

The building is situated in the heart of Nottingham town center and is a very popular student development. The University of Nottingham is home to over 27,000 students and Nottingham Trent University has over 22,000. Almost 80% of these students cannot be accommodated by student halls on campus meaning that they have to look for other options, such as Bard House.

At The Express Building, students can enjoy a larger than average, ultra-stylish fully furnished, bright/airy modern living space with having all the transport links and amenities that any student could possible want right on their doorstep.

Nottingham itself is a busy city and is very popular thanks to the great shops and nightlife with many places to eat and drink. The city also has a great tram system and bus service making it easy to travel around.

The apartment is let and managed by a professional lettings agency on behalf of the investor, ensuring a smooth service which benefits both the tenant and the landlord.

This would be a brilliant addition to any investment portfolio so enquire today so as not to miss this great opportunity!

Financial Breakdown

Gross rent: £8,109
Ground rent: £250
Service charge: £1,534
Lettings fees: £811
Net income: £5,514
Gross yield: 11.58%
Net yield: 7.88%

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-16878

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Studio Flat For Sale £70,000 The Express Building, Upper Parliament Street, Nottingham NG1

Studio Flat For Sale £70,000
The Express Building, Upper Parliament Street, Nottingham NG1