Standout Features
- Second Floor Apartment
- Two Double Bedrooms
- Allocated Parking
- Excellent Location
- Tenants In Situ
- Ideal Buy To Let Opportunity
- Leasehold
Property Description
Situated on the second floor of this popular development stands this two double bedroom apartment which makes the perfect buy to let opportunity. Currently generating an approximate 7.2% yield there is great potential for further growth and the property is being offered with no onward chain. Attractively priced, the apartment comprises of an entrance hall, open plan living/kitchen/dining area with Juliet Balcony, two double bedrooms and a fitted bathroom. There is also an allocated, gated parking space.
ENTRANCE HALL Large hallway with wood effect laminate flooring, double wide storage cupboard, intercom system, ceiling light, providing access to all rooms and opening out into the main living/kitchen area.
OPEN PLAN LOUNGE 17' 5" x 12' 6" (5.31m x 3.81m) The well proportioned living area offers a Juliet balcony with viewers over the Arboretum, fitted carpet, wall mounted radiator, ceiling and two wall lights and airing cupboard.
OPEN PLAN KITCHEN 8' 5" x 8' 00" (2.57m x 2.44m) The well equipped kitchen has a range of fitted wall and base beech wood units with a rolled edge worktop over incorporating a stainless steel sink and drainer, upstand and splash back tiling, electric oven, gas hob and extractor hood, SMEG fridge/freezer, washing machine and dishwasher, wood effect laminate flooring and ceiling light.
BEDROOM ONE 12' 1" x 10' 9" (3.68m x 3.28m) The generously sized master bedroom offers a double glazed window with an internal courtyard aspect, wood effect laminate flooring, wall mounted radiator and two wall lights.
BEDROOM TWO 12' 1" x 9' 6" (3.68m x 2.9m) The second double bedroom offers a double glazed window with an internal courtyard aspect, wood effect laminate flooring, wall mounted radiator and two wall lights.
BATHROOM With modern white suite comprising of a bath with a chrome mixer tap and shower riser over, pedestal wahs hand basin, low flush w.c,, heated towel rail, ceramic floor and part wall tiling and ceiling light.
The property benefits from a gated, allocated parking space and has tenants in situ generating a yield of approximately 6.5% with further growth potential.
DISCLAIMER Please note that the photographs displayed were taken before the commencement of the current tenancy.
LEASE INFORMATION Remaining Years on Lease: 977
Current Annual Ground Rent:
Estimated Annual Service Charge: £2,810
ENTRANCE HALL Large hallway with wood effect laminate flooring, double wide storage cupboard, intercom system, ceiling light, providing access to all rooms and opening out into the main living/kitchen area.
OPEN PLAN LOUNGE 17' 5" x 12' 6" (5.31m x 3.81m) The well proportioned living area offers a Juliet balcony with viewers over the Arboretum, fitted carpet, wall mounted radiator, ceiling and two wall lights and airing cupboard.
OPEN PLAN KITCHEN 8' 5" x 8' 00" (2.57m x 2.44m) The well equipped kitchen has a range of fitted wall and base beech wood units with a rolled edge worktop over incorporating a stainless steel sink and drainer, upstand and splash back tiling, electric oven, gas hob and extractor hood, SMEG fridge/freezer, washing machine and dishwasher, wood effect laminate flooring and ceiling light.
BEDROOM ONE 12' 1" x 10' 9" (3.68m x 3.28m) The generously sized master bedroom offers a double glazed window with an internal courtyard aspect, wood effect laminate flooring, wall mounted radiator and two wall lights.
BEDROOM TWO 12' 1" x 9' 6" (3.68m x 2.9m) The second double bedroom offers a double glazed window with an internal courtyard aspect, wood effect laminate flooring, wall mounted radiator and two wall lights.
BATHROOM With modern white suite comprising of a bath with a chrome mixer tap and shower riser over, pedestal wahs hand basin, low flush w.c,, heated towel rail, ceramic floor and part wall tiling and ceiling light.
The property benefits from a gated, allocated parking space and has tenants in situ generating a yield of approximately 6.5% with further growth potential.
DISCLAIMER Please note that the photographs displayed were taken before the commencement of the current tenancy.
LEASE INFORMATION Remaining Years on Lease: 977
Current Annual Ground Rent:
Estimated Annual Service Charge: £2,810
Material Information
- Tenure: Leasehold
- Service Charge: £2,810 per year
- Council Tax Band: B
Mortgage calculator
Calculate your stamp duty
Results
Stamp Duty To Pay:
Effective Rate:
| Tax Band | % | Taxable Sum | Tax |
|---|
Portland Square, Raleigh Street, Nottingham
Struggling to find a property? Get in touch and we'll help you find your ideal property.
Nottingham City
1 Russell Place,
Talbot Street,
Nottingham,
Nottinghamshire,
NG1 5HJ
