10 Bed Flat  For Sale  Hounds Gate  Nottingham  Nottinghamshire  NG1   - £1,250,000

For Sale
TENURE: Leasehold
CONTACT DETAILS: 
Reference: Quote Houseladder - 93

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Below Market Value Opportunity


Readymade Block of 7 Apartments - Freehold available on request


3 x 2 Bedroom Apartments and 4 x 1 Bedroom Apartments


Hounds Gate, Nottingham, NG1 6BA


Purchase Price = £1,250,000


Market Value = circa £1,400,000 - £1,500,000


Finder¢--s Fee = £20,000 + Vat


Potential Gross Income = £5,060 pcm = £60,720 per annum


CASHFLOW AFTER ALL THE ABOVE COSTS


Managed = £1,328 pcm = £15,936 per annum


Self Managed = £1,935 pcm = £23,220 per annum


For a limited time only, we have managed to secure a readymade income producing block of seven apartments within proximity to Nottingham City Centre.


The flats will already have come with separate titles, with 125 years. There is an opportunity to purchase the freehold - a cost to be negotiated with the owner


The property consists of seven apartments over ground and three upper levels configured in two distinct parts. It comprises of fully fitted contemporary kitchens, modern stylish bathrooms, quality wood laminate flooring to all areas, underfloor heating throughout, and two allocated parking space.


The property is conveniently situated in an extremely central location within proximity to great motorway links, City Centre, local shops and all excellent local amenities the city has to offer.


Given the location, the apartments are perfectly suited to be run as serviced accommodation units. This would allow any purchaser the opportunity to generate high cashflow
These are for general guidance only. You are responsible to confirm accuracy by inspection.