Key Information
- Freehold block of 4 x 2 bed apartments
- Producing gross income of £42,600 pa providing a 7.75% GIY
- Gated yard with 8 on-site car parking spaces
- Within close proximity to the city centre bus routes and a wealth of amenities including Shell, Lidl and Co-Op
- £550,000
The property comprises a detached three storey brick building under a pitched slate roof. The accommodation is split over basement, ground and first floors which is accessed via an entrance foyer. Internally, the property provides 4 modern two-bedroom apartments which have been recently refurbished to provide attractive accomodation. Each apartment provides a large living/kitchen area, two bedrooms and a bathroom. Apartments 1 and 4 also benefit from en-suite bathrooms. The property benefits from a basement area, housing the meters and providing additional storage space. The property provides good quality accommodation finished to the following specification: carpeting and wood flooring, LED spotlights, gas fired central heating and external lighting. Externally, the property benefits from 8 dedicated car parking spaces, 6 within a gated rear car park and 2 spaces to the front of the property.
Location
The property is situated on First Avenue off Sherwood Rise in Sherwood, a suburb of Nottingham approximately 1.5 miles north of Nottingham City Centre. First Avenue is a cul-de-sac providing vehicular access from and onto Sherwood Rise (B682), a secondary route north out of the City towards Hucknall and in turn provides a connection to Junction 26 of the M1 motorway approximately 4 miles north west. The property is also located close to Mansfield Road (A60). The property is within walking distance of the NET Forest Park & Ride Tram stop which provides frequent connections to the City Centre, north to Hucknall town and south into Clifton. A number of local bus routes also run along Sherwood Rise serving Sherwood and surrounding conurbations.
VAT
VAT will not be applicable to the sale.
EPC
The premises has the following EPC assessments: Apartment 1: D-63 Apartment 2: D-63 Apartment 3: C-70 Apartment 4: C-72
Legal Costs
Each party to bear their own legal costs.
Accommodation
All measurments are estimated and quoted from the proposed floor plans which are available on the local planning authorities website or via the agents. All parties are advised to rely upon their own measurments.
Planning
We understand the premises have planning consent for use class C3 (Residential Use) for 4 two bedroom apartments, in accordance with the Town & Country (Use Classes) Order 2020. All parties are advised to make their own enquiries of the local authority.
Viewing
Viewings are by appointment with sole agents Innes England.