- TENANT IN SITU PAYING £550 PCM
- Service charge £2300 per annum
- EPC Rating B
- 7% GROSS YIELD
- Ground Rent £399 per annum
We are delighted to present this stylish two bedroom second floor apartment with contemporary style decor. The accommodation briefly comprises communal entrance with stairs and lift, entrance hall, open plan living room/kitchen, one double bedrooms and a bathroom/wc. Externally there is a communal garden and allocated parking. EPC Rating Grade B
Communal entrance door with intercom entry phone system leading to a communal hallway with lift and staircase providing access to all floors.
Entrance door, wall mounted entry phone handset, storage cupboard and airing cupboard housing a hot water cylinder.
Double glazed window to the rear elevation, wall mounted electric storage heater, television point and opening to;
Range of base and eye level units with working surfaces, inset sink unit with tiled splashbacks, electric oven, electric hob, cooker hood facility over, space and plumbing for appliance, double glazed window to the rear elevation. Skirting radiator.
Upvc double glazed window to the rear elevation and wall mounted electric heater.
Fitted with a three piece suite comprising; Bath with electric shower unit over, wash hand basin, low flush wc, partial ceramic wall tiling, extractor fan unit, electric heater and shaver point facility.
Communal gardens and communal parking area with electric gated entrance. Location Marmion Road is situated in Thorneywood approximately 1.5 miles to the east of Nottingham city centre.
Leasehold information :
Length of Lease remaining: 105 years
Service charge : Approx £1400 per annum
Ground Rent : £399 per annum
Viewing arrangements : As there is a tenant in situ, viewings are down to the tenants discretion. Please refer to the video tour of the property on this listing to see the property condition and contact our office for any further queries
Investment Information : Tenant in situ paying £625pcm. There is scope for this to be increased to £700pcm if some cosmetic improvements are made to the property.
The property attracts working professionals and student, it proves to be popular due to the location.
The property is under full management by Platinum Estates and this would be carried forward into the sale with the buyer. There is an agreement of 10% for the managed service and this would remain.