Project Description

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Location
The subject property is located on the western side of Mansfield road (A60), offering easy access in to the city centre and Mansfield town to the north.

The property is just 1.5 miles north of Nottingham city centre and is serviced by regular bus services.

The popular residential areas of Sherwood and Carrington attract many young professionals wishing to be close to the cultural delights that Nottingham city centre has to offer.

There are many local amenities within walking distance to the property including shops, bars, Lidl supermarket and local schooling options.

Nottingham railway station provides regular access up and down the country.

Description
The flat is on the second floor of this converted Edwardian period property.  Access to the flat is via a communal entrance and stairwell to the second floor.

The internal accommodation comprises spacious living room with Velux type windows, providing good natural light, and a feature electric fire.

There is a separate fitted kitchen, with white base and eyel level cupboards and work surfaces, sink and drainer and space for freestanding appliances.

The spacious double bedroom is located at the rear of the property having two windows overlooking the yard area.

The modern family bathroom has a low flush WC, wash hand basin and bath with overhead shower facilities.

Accommodation
Total    39m2    419ft2

Services
We understand the property is connected to mains electric and water and drainage.

Tenure
Leasehold

Investment Analysis
The property is currently being let on an AST for £4,920pa representing a gross yield of 8.21%.

Council Tax
The property is rated in Council Tax Band A. Council Tax payable (2016/2017) is £1180.72 pa

Service Charge and Ground Rent
We are advised the service charge and ground rent payable is approximately £750 per annum.

*Guide Price
£59,950

PLEASE NOTE AN INSPECTION OF THIS PROPERTY HAS NOT BEEN UNDERTAKEN AND MEASUREMENTS HAVE BEEN PROVIDED BY A THIRD PARTY.

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

Flat 5, 405 Mansfield Road
Sherwood,
Nottingham
NG5 2DP

Features

CLICK HERE FOR AUCTION CATALOGUE, PHOTOS AND ONLINE BIDDING

✓ Excellent investment opportunity
✓ Close to city centre
✓ Ideal buy to let
✓ Currently tenanted at £4,920pa representing a gross yield of 8.21%
✓ Close to local shops amenities
✓ Off street parking
✓ Leasehold
✓ Periodic AST Agreement

Contact

Hayley Riley
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR293

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