Colwick Road, Nottingham, Nottinghamshire, NG2

Freehold Investment Opportunity - Two Flats in Prime Location

National Residential are pleased to present this fantastic freehold investment property, comprising two self-contained flats under one title. Located on the highly sought-after Colwick Road in Sneinton, this property is a prime choice for investors seeking immediate rental income and long-term growth potential.

Key Features
* Freehold Property: Two flats, both fully compliant with current selective licensing.
* Strong Rental Income:
o Ground Floor Flat: 1-bedroom with gated off-road parking and access to a cellar featuring original air raid shelter construction.
Rental Income: £675 pcm (£8,100 annually).
o Duplex Flat: 2-bedroom over two floors with spacious living and dining areas.
Rental Income: £800 pcm (£9,600 annually).
o Total Rental Income: £1,475 pcm (£17,700 annually).
* Estimated Yield:
o Based on a purchase price of £175,000, the property offers a gross yield of 10.1%.

Property Layout
Ground Floor Flat
* Lower Ground: Cellar.
* Ground Floor: Kitchen, shower room, lounge, and bedroom.
* Additional Features: Secure off-road parking with gated access.
Duplex Flat
* First Floor: Lounge/dining area, kitchen, bathroom.
* Second Floor: Two bedrooms.

Why Sneinton?
Sneinton is a vibrant and diverse residential area situated just 1.5 miles from Nottingham City Centre, making it highly desirable for tenants seeking convenient city access.
* Transport Links: Excellent bus routes and easy access to Nottingham's major transport hubs.
* Local Amenities: Within walking distance of shops, cafes, and essential services.
* Proximity to City Centre: Ideal for professionals and students who value a short commute.
* Community: A lively neighbourhood with a mix of cultural attractions and green spaces.

Investment Highlights
This property represents an excellent opportunity for investors:
* Turnkey Investment: Both flats are currently tenanted, providing immediate rental income.
* Strong Yield: Competitive return on investment with potential for capital appreciation.
* Freehold Advantage: No leasehold restrictions or associated fees.
* Location Appeal: Proximity to Nottingham City Centre ensures high tenant demand.

Arrange Your Viewing
Don't miss this rare opportunity to acquire a multi-unit freehold property with strong rental potential. Contact our dedicated sales advisor today to schedule your viewing and explore this exceptional investment opportunity.
Act fast - this opportunity won't last long!

This property is ONLY available for purchasers who are NOT in a chain.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.