GUIDE PRICE - £75,000-£85,000
TENANTED PROPERTY WITH NO UPWARD CHAIN...

This one-bedroom ground-floor flat is a fantastic investment opportunity, sold with tenants in situ who have been living in the property for 1 year currently being professional managed by HoldenCopley. Offered with no upward chain, this property generates a monthly rent of £695, amounting to an annual income of approximately £8,340, providing a gross rental yield of around 9.8%, making it a profitable addition to any investor’s portfolio. Situated in a close to a range of localtion amenities, it provides easy access to various shops, restaurants, and transportation links to the City Centre. Inside, the property features an inviting entrance hall, a generously sized living room, a modern kitchen, and a sleek three-piece bathroom suite. Outside, residents can enjoy access to communal gardens.

MUST BE VIEWED!

Accommodation -

Entrance Hall - The entrance hall has access to an in-built storage cupboard and a single door providing access into the accommodation.

Living Room - 3.90 x 3.80 (12'9" x 12'5") - The living room has a UPVC double-glazed window, a radiator, laminated flooring and a TV point.

Kitchen - 3.30 x 2.00 (10'9" x 6'6") - The kitchen has a range of wall and base units with fitted worksurfaces, stainless steel sink with mixer taps and drainer, space for a washing machine, space for a cooker, tiled flooring and a UPVC double-glazed window.

Bedroom - 4.50 x 3.00 (14'9" x 9'10") - The bedroom has carpeted flooring, a double-glazed window, a radiator and access to an in-storage cupboard.

Bathroom - 2.10 x 2.00 (6'10" x 6'6") - The bathroom has a bath with a wall mounted electric shower, pedestal washbasin with taps, low level flush WC and a UPVC double-glazed window.

Outside - Outside to the front is access to communal gardens

Additional Information - Electricity – Mains Supply
Water – Mains Supply
Heating – Gas Central Heating – Connected to Mains Supply
Septic Tank – No
Broadband – Virgin Media, Openreach
Broadband Speed - Ultrafast Broadband available with the highest download speed at 1800Mpbs & Highest upload speed at 220Mbps
Phone Signal – Good coverage of Voice, 4G & 5G
Sewage – Mains Supply
Flood Risk – No flooding in the past 5 years
Flood Defenses – No
Non-Standard Construction – No
Any Legal Restrictions – No
Other Material Issues – No

Disclaimer - Council Tax Band Rating - Nottingham City Council - Band A
This information was obtained through the directgov website. HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase.

The vendor has advised the following:
Property Tenure is Leasehold With Nottingham Council
Service Charge in the year marketing commenced (£PA): £400.00
Ground Rent in the year marketing commenced (£PA): £10.00
Property Tenure is Leasehold. Term: 175 years from 30th January 2024 Term remaining 174 years.

The information regarding service charges and ground rent has been obtained from the vendor. HoldenCopley have checked the most recent statement for ground rent and service charge and have obtained the lease length via the Land registry.
HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase. The information will be confirmed by your solicitor via the management pack and Landlord pack where applicable. We strongly recommended that you contact your solicitor before entering into negotiations to confirm the accuracy of information.

Agents Disclaimer: HoldenCopley, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and HoldenCopley have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.

Purchaser information -The Money Laundering, Terrorist Financing and Transfer of Funds(Information on the Payer) Regulations 2017(MLR 2017) came into force on 26 June 2017. HoldenCopley require any successful purchasers proceeding with a property to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill or bank statement. We are also required to obtain proof of funds and provide evidence of where the funds originated from. This evidence will be required prior to HoldenCopley removing a property from the market and instructing solicitors for your purchase.

Third Party Referral Arrangements - HoldenCopley have established professional relationships with third-party suppliers for the provision of services to Clients. As remuneration for this professional relationship, the agent receives referral commission from the third-party companies. Details are available upon request.

Sourced reference: 162146864