Studio Flat For Sale, Avalon Court, Glasshouse Street, 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!

Avalon Court is one of the most popular student accommodation developments in Nottingham, which is a popular UK city amongst students. It is perfect for the modern student who seeks a luxury home at university. Each pod has a private study and living area, as well as outstanding communal facilities such as a games room, cinema room and gymnasium.

Nottingham is growing all the time as a top UK university destination, and the demand for student accommodation massively outweighs the supply. Avalon Court is perfectly placed to meet this demand, and it is no surprise that it consistently enjoys market-leading tenancy rates.

Managed and let by the experienced agent Fortis Student Living, students and investors alike can be reassured that they are in good hands. By purchasing this property, you will enjoy immediate income as the property is currently tenanted. Enquire today to avoid disappointment!

Financial Breakdown

Gross rent: £10,218
Ground rent: £295
Service charge: £3,153
Lettings fees: £1,349
Net income: £5,421
Gross yield: 18.58%
Net yield: 9.86%

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-07136

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Studio Flat For Sale £55,000 Avalon Court, Glasshouse Street, Nottingham NG1

Studio Flat For Sale £55,000
Avalon Court, Glasshouse Street, Nottingham NG1