Studio apartment for sale

Minerva House, Spanial Row, Nottingham, NG1 6EP

Full description

Size: 34.6 sqm

TENANTED INVESTMENT OPPORTUNITY 6.4% NET YIELD - New-build student accommodation development in the heart of Nottingham, a prime student city. Tenanted for 2018-19 for immediate returns. Enquire Today! more info...

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.

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Key features

Key features Tenanted for immediate income
Key features 6.6% NET Yield
Key features City centre location
Key features Great local transport links and amenities
Key features Local university is within easy reach
Key features Gymnasium
Key features WIFI
Key features SKY TV
Key features Games Room

Financial Performance*

Purchase price £67,000
Gross rent £6,950
Ground rent £250
Service charge £1,729
Lettings fees £667
Net income £4,304
Gross yield 10.37%
Net yield 6.42%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Studio apartment for sale

Minerva House, Spanial Row, Nottingham, NG1 6EP,

Purchase price £67,000
Gross rent £6,950
Ground rent £250
Service charge £1,729
Lettings fees £667
Net income £4,304
Gross yield 10.37%
Net yield 6.42%

Full description

TENANTED INVESTMENT OPPORTUNITY 6.4% NET YIELD - New-build student accommodation development in the heart of Nottingham, a prime student city. Tenanted for 2018-19 for immediate returns. Enquire Today! more info...

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.

Key features

TicksTenanted for immediate income
Ticks6.6% NET Yield
TicksCity centre location
TicksGreat local transport links and amenities
TicksLocal university is within easy reach
TicksGymnasium
TicksWIFI
TicksSKY TV
TicksGames Room

Amenities

Bicycle Storage Bicycle Storage
Bus Bus
City Centre City Centre
Close To Public Transport Close To Public Transport

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.