Key Information
- Income producing apartments
- 4 x high quality 2 bed apartments held on 999 year long leasehold
- Income to be £70,200 pa (8.26% GIY) for 2025/26
- Prominent location on The Old Market Square and offering all the amenities expected from the City Centre
- A data vault is available for the property. For access please contact Innes England.
- £850,000 reflecting a GIY of 8.26% once let at £70,200 pa
The property comprises of 4 x high end luxury apartments benefiting from exceptional views of Nottingham's Old Market Square. Internally each apartment provides an open plan lounge/kitchen with ample natural light, 2 x spacious bedrooms, walk in wardrobe, fitted bathroom and utility. The specification includes wooden flooring, stainless steel electric points, carpet within bedrooms, white painted walls, exposed brick in part, electric heating, kitchen with oven & hob, extractor and sink. Current valid certificates: EICR, Nottingham Selective Licence, EPC.
Location
The property occupies a prominent position on Nottingham's Old Market Square. The property is centrally located within Nottingham's town centre, Nottingham Trent Universities City Campus is within a 5-minute walk. The Market Square is home to several well known retailers such as Coral, Starbucks, Costa and Clarks. Due to the central locality of the building the property benefits from excellent public transport links with Market Square's NET tram stop immediately outside, there are also several bus routes running in and out of the City Centre via Angel Row. The city centre also benefits from a number of multi storey car parks such as the Victoria Shopping Centre Car Park and newly built Broadmarsh Car Park both offering contract parking.
VAT
VAT is not applicable.
Service Charge
The current Landlord incurs an annual service charge at £1,514.31 pa per flat and a ground rent of £300 pa per flat.
EPC
Apt 7 - C-75 Apt 11 - C-69 Apt 13 - D-67 Apt 3 - D-57
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
All parties are advised to carry out their own measurements.
Planning
We understand the property benefits from planning consent under C3 (dwellings). The property is noted as Grade II listed on Historic England's online portal and is within The Old Market Square Conservation Area. (Information for guidance purposes only, all parties advised to make their own enquiries of local authority).
Viewing
Viewings are by appointment with sole agents Innes England