Located on Spaniel Row and just 1 minute's walk from Nottingham's Old Market Square, students at Minerva House have the city centre on their door-step. The building is ideal for students studying at either of the cities' universities; The University of Nottingham's main campus is just 15 minutes away via tram and Nottingham Trent University is a 12-minute walk away.
Minerva House is home to 158 students each year, offering a range of studios including budget-friendly single-bed studios from just £130 per week, to spacious deluxe apartments.
Unit Breakdown - Studio 1.29
Studio 1.29 - £43,700 - 1st Floor
Tenanted at £162.50 per week for 44 weeks
Gross rental - £7,150.00
Service charge - £2,994.00
Management fee - £943.80 11.0% plus vat (Xenia Lettings)
Ground Rent £150 (241 Year Lease Remaining)
Net rental - £3,061.36
Net Yield - 7.01%