Hounds Gate, Nottingham, Nottinghamshire, NG1
- PROPERTY TYPE
Studio
- SIZE
237 sq ft
22 sq m
Key features
- Fully Managed and Hands Free Investment Property
- Tenanted at £167.50 per week for new academic year
- Experienced student management company in place
- Net rental yield of 5.7%
- Close proximity to two major universities
Description
Financials - Unit 5.14
Gross rental income: 46 weeks x £167.50 = £7,705.00 per annum
Minus lettings of £1,017.50 (11% plus VAT)
Minus service charge of £4,095.29 per annum
Ground rent of £295.00 per annum
£2,298 net rental income or 5.7% net
Investment Highlights:
Nottingham is home to over 65,000 full-time students
Two major universities in the city
Leading student management company in place
Purchase and Reservation Process:
Reserve your unit with a signed reservation form
Provide certified ID, proof of address and proof of funds to Pure Investor
Pay a £2,000 non-refundable reservation fee
Remaining balance due on completion
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
Hounds Gate, Nottingham, Nottinghamshire, NG1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Old Market Square Tram Stop0.2 miles
- Royal Centre Tram Stop0.3 miles
- Lace Market Tram Stop0.3 miles
About the agent
Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.
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Visit our security centre to find out moreDisclaimer - Property reference PURNOTMMH514. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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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