Studio Flat For Sale £40,750
Spaniel Row, Nottingham NG1

Spacious student studio apartment for sale in the heart of Nottingham city centre, and in close proximity to two major universities. Hugely popular with students studying in the city, this studio currently generates over 7.5% net rental income (£3,062.20 per annum). The unit is fully managed by one of the UK's leading student property management companies.

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.

Investment Highlights

Invest from just £40,800

Net rental yields of up to 7.5%

Fully managed, hands-free investment opportunity

Leading student management company in place

Close proximity to city centre shops and restaurants

250 Year Lease

Dual occupancies permitted

Unit Financial Breakdown - Studio 3.07

Studio 1.29 - £40,800 - 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 - £3,062.20

Net Yield - 7.5%

Reserve your unit with a signed reservation form

Provide certified ID, proof of address and proof of funds to Pure Investor

Pay a £2,000 non-refundable reservation fee

Remaining balance due on completion