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Guide price
£40,000

1 bedroom flat for sale

Mansfield Road, Nottingham NG5
Auction
Flat
1 bed
1 bath
452 sq ft / 42 sq m
EPC rating: C
Added > 14 days

Key information

TenureLeasehold | 145 yrs left
Ground rent£10 per annum | review period: unconfirmed
Service charge£1,693 per annum
Council taxBand A
BroadbandSuper-fast 80Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold (145 years remaining)

Attention investors!

Don't miss out on this amazing investment opportunity in Central Nottingham. This second-floor apartment is currently let on an Assured Shorthold Agreement, bringing in a rental income of £6,075 per annum. With a large reception room, kitchen, spacious bedroom, and modern bathroom, this property offers comfortable living space in a purpose-built block with various amenities such as parking, lift access, and secure entrance.

Located near the A60 and Forrest Recreation Ground, this property is conveniently surrounded by all essential amenities. Bus routes to the city centre are easily accessible, making commuting a breeze. Nottingham itself is a vibrant city in the East Midlands, known for its rich history, cultural attractions, and bustling city centre.

In addition to its prime location, this property boasts a long leasehold with 145 years remaining, making it a secure investment for the future. The council tax band is A, and the energy performance certificate rating is D. With an annual service charge of £1,693 and a ground rent of £100, this property offers great value for money.

Don't delay - seize this fantastic investment opportunity today! Book a viewing now and secure your position in the thriving Nottingham property market. Contact us for more details and to arrange a viewing.


BUYER’S PREMIUM

Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.

When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.


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About this agent

Palace Auctions - Mayfair
Palace Auctions - Mayfair
11 Old Bond Street Mayfair, London W1S4PN
020 3542 2754
Full profileProperty listings
Palace Auctions London: Redefining Luxury Property Auctions As the premier luxury property auctioneers and real estate investment consultants in London, Palace Auctions London stands as the pinnacle of sophistication and exclusivity in the provision of Auctioneering, Market appraisals , valuation, and investment consultancy advice across a broad range of commercial Property, Residential and development site services. We have the skills, the experience, and the drive to maximise the true open market value for our clients in the global real estate market. Our esteemed reputation, built on a legacy of unparalleled service and expertise, sets us apart, as the go-to team for discerning investors and sellers seeking extraordinary opportunities in the luxury property sector, Land sales and high value development opportunities.
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