This property has been taken off the market.
10 Bed Flat For Sale Queens Road, Nottingham, NG2
£700,000- Flat
1 of 9
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Last Updated: 4th April 2024
Description
**PORTFOLIO SALE - 6 x units at The Hicking Building in Nottingham**
**Current annual Rental Income of £63,900 generating a YIELD of 9.11%\"\"
**EWS1 in place.**
Vision Properties are delighted to offer this mix of 2 x one and 4 x two bedroom apartments in Nottingham City Centre located in The Hicking Building.
The Hicking Building is one of the largest and most iconic residential developments in Nottingham with over 320 units. The development is made up of four block with a range of studio, one and two bedroom apartments as well as housing the only Hooters bar in the country.
Situated in a fantastic location just across the road from Nottingham Train Station and only ten minutes walk to West Bridgford and City Centre.
Packed with modern fixtures and fittings throughout the portfolio has an estimated value of £780,000 if the units are to be market individually and would therefore generate a turn key capital increase of £80,000!
The sale also includes 6 x allocated parking spaces
Accumulative leasehold costs for the six units:
Ground Rent x 6: £1,375 per annum
Service Charge x 6: £10,404 per annum
Lease years remaining: 110
Net income - £52,120.84 generating a NET YIELD of 7.45%
**Current annual Rental Income of £63,900 generating a YIELD of 9.11%\"\"
**EWS1 in place.**
Vision Properties are delighted to offer this mix of 2 x one and 4 x two bedroom apartments in Nottingham City Centre located in The Hicking Building.
The Hicking Building is one of the largest and most iconic residential developments in Nottingham with over 320 units. The development is made up of four block with a range of studio, one and two bedroom apartments as well as housing the only Hooters bar in the country.
Situated in a fantastic location just across the road from Nottingham Train Station and only ten minutes walk to West Bridgford and City Centre.
Packed with modern fixtures and fittings throughout the portfolio has an estimated value of £780,000 if the units are to be market individually and would therefore generate a turn key capital increase of £80,000!
The sale also includes 6 x allocated parking spaces
Accumulative leasehold costs for the six units:
Ground Rent x 6: £1,375 per annum
Service Charge x 6: £10,404 per annum
Lease years remaining: 110
Net income - £52,120.84 generating a NET YIELD of 7.45%
Agent Details
Vision Properties
Stowe House, 1688 High Street, Knowle, B93 0LY
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.