0 Bedrooms Studio for sale in Minerva House, Spanial Row, Nottingham NG1 | £ 67,000

Property Description

Nottingham is a known student hub, home to over 55,000 students, but the city is currently facing a chronic undersupply of student accommodation to meet this growing demand.

However, the completion of Minerva House has led to the city of Nottingham benefitting from a prime Purpose-Built Student Accommodation development designed specifically to cater for Nottingham's large student populace. This development is a stunning five-storey building providing 151 individual luxury studio apartments, each finished and furnished to the highest of standards.

Furthermore, residents of Minerva House are perfectly placed to enjoy a thriving community atmosphere at their new home, thanks to access to a range of bespoke communal facilities, including an entertainment lounge (complete with TVs and pool tables), a fully-equipped gymnasium, communal laundry facilities, and secure bicycle storage. In addition, free broadband is offered all over Minerva House, so connectivity is always freely accessible for its student residents.

Within walking distance of Nottingham Trent University and only a short bus ride away from the University of Nottingham, students are perfectly placed in the heart of a thriving community, close to all the facilities and amenities they could need, including shops, restaurants and bars.

This is a perfect investment opportunity for any investor. Not only are the area and the development outstanding, this apartment is currently tenanted for immediate investor income.

Financial Breakdown

Gross rent: £6,950
Ground rent: £250
Service charge: £1,729
Lettings fees: £555
Net income: £4,416
Gross yield: 10.37%
Net yield: 6.59%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-12523

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