1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold
- Investment opportunity
- One bedroom studio style apartment
- Tenanted from August 2024 on a 12 month Tenancy
- Current rent £800pcm giving an estimated gross yield of 10.1%
- Furnished
- Extremely popular development
- Secure entry system and concierge service
- EPC rating C
- Council Tax band B
Excellent investment opportunity
Good size one double bedroom studio-style, fifth floor, furnished apartment in the sought after development of Marco Island. 24hr concierge service in the heart of Nottingham City Centre.
Property comprises of open plan lounge and kitchen (with appliances) and overhead spotlights. Bedroom is separated by partition wall. Main bathroom has a bath with shower over.
Currently Tenanted from August 2024 on a 12 month AST with a rent of £800pcm. Estimated gross yield of 10.1%.
The property has been successfully let and managed by Cavendish Residential since September 2008 with negligible void periods (for check out, cleaning and inventories for incoming Tenants).
Viewing highly recommended.
Council: Nottingham City Council
Council Tax Band: B
EPC Rating: B
Tenure: Leasehold
Lease length: 150 years from April 1st 2004
Service charge currently: £1767.78 per year
Ground rent: £322.80 per year
Please note all above figures have been provided by the seller- we would strongly advise these points are checked via a conveyancing solicitor.
Places of interest
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Property reference CVN_NTT_LFSYCL_685_872368907. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Cavendish Residential - Nottingham.
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 14, 2020 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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