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11 bed Flat For Sale £1,000,000
Queens Road, Nottingham NG2


Description
A superb portfolio offering Seven apartments available within the stunning Hicking Building, Queens Road in Nottingham. The portfolio consists of 4 x two bedroom apartments and 3 x 1 bedroom apartments with a annual rent roll of GBP60,300. The portfolio is currently occupied with tenants in situ and available for internal inspection.

Key stats

•\t7 apartments (4 x two beds & 3 x 1 beds)
•\tAnnual rent GBP60,300
•\tGDV GBP1,000,000
•\tGross yield 6.05%
•\tParking with each apartment
•\t125 year lease from 1st January 2004.

The total sqft of the portfolio is 4,320

The apartments are spread across Block 2 & Block 3 and located on the 3rd & 4th floors.

The portfolio would benefit from an annual rent increase following the notice or renewal of tenancy providing you with a potential additional GBP5,000 pa of rental income.

Ground Rent GBP1,562.50 across the portfolio
Service charge GBP13,278.14 across the portfolio

Follow the link for more information: 
        
zoopla.co.uk
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