2 bedroom flat for sale

INVESTMENT OPPORTUNITY!! A second floor apartment, forming part of a modern block close to the Forest Recreation Ground, local tram stop also the City Centre. Within the immediate vicinity is a wide variety of shopping facilities and local independent retailers, including a Sainsbury’s local. The property is currently let and is being sold with the tenant in situ. Rental income is £725 PCM, representing a yield of 7.5% (at current asking price).

Overview - Accommodation consists of an entrance hallway, a spacious living kitchen with integrated oven and hob, two bedrooms and a bathroom with white suite and electric shower. The property also has UPVC double glazing and gas central heating with a combination boiler.

Entrance Hall - With entrance door from the communal landing, laminate flooring, radiator and doors to all rooms.

Living Kitchen - The kitchen area has a range of units with polished marble effect worktops and an inset one-and-a-half bowl stainless steel sink unit and drainer. Integrated brushed steel electric oven, four ring electric hob and filter hood and plumbing for a washing machine. Concealed combination gas boiler, laminate flooring and two UPVC double glazed front windows.

Bedroom 1 - UPVC double glazed rear window and radiator.

Bedroom 2 - UPVC double glazed rear window and radiator.

Bathroom - Consisting of a bath with glass screen, electric shower and tiled surround, dual flush toilet and pedestal wash basin. Electric shaver point, extractor fan and radiator.

Outside - The building stands within communal and maintained grounds and is subject to management fees and ground rent.

Useful Information - TENURE: Leasehold
LEASE DETAILS: 125 years from July 2007 Length of lease remaining 108 years
GROUND RENT: £225.00 - to be reviewed on: (TBC)
SERVICE CHARGE: £1420.00 - to be reviewed on: (TBC)

COUNCIL TAX: Nottingham City Council - Band A

OTHER INFORMATION:
The property is situated within the Nottingham City boundary and will most likely require a Selective License for the purpose of letting it.
Please note that a Selective License is non-transferable, therefore if one is already in place any new landlord of the property would need to apply for a new license.
You can find more information about the scheme and associated costs on the Nottingham City Council website by searching for Selective Licensing.

*The lease information has been provided to Marriotts and to the best of our knowledge is correct. Whilst every effort has been made to ensure the information is up to date, this can be subject to change without our knowledge and we, therefore, provide this as a guide only.*
Full details of the freeholder, management company, lease, up-to-date service charge and ground rent will be supplied to you as part of the conveyancing process and checked by your solicitor should you proceed to purchase this property.