Description
Apartment 36 New Alexandra Court, located on Woodborough Road in Nottingham, NG3 4LN. This outstanding second floor one-bedroom apartment presents a fantastic investment opportunity for buyers.
The accommodation includes a hall, lounge, kitchen, one bedroom, and bathroom, all within a well-established block. The leasehold tenure offers security with a lease term of 999 years from 01.06.2005. The current service charge is £1,848 with a ground rent of £150.
Currently tenanted under an A.s.t. agreement, the apartment generates rental income of £850 per month or £9,000 per annum. With an EPC Rating of C, this property is not only a wise investment but also a comfortable living space.
Situated in the vibrant NG3 area to the northeast of Nottingham city centre, residents can enjoy easy access to a range of amenities, including shopping centres, restaurants, bars, and entertainment venues. The area also boasts green spaces like Victoria Park, providing opportunities for outdoor activities and relaxation.
Nottingham’s bustling city centre is just a stone’s throw away, offering a vibrant arts and cultural scene with landmarks like Nottingham Castle and the Nottingham Playhouse. Excellent transport connections via bus services and major roads such as the A52, A46, and M1 motorway make commuting a breeze.
This property is available for sale under auction terms and conditions, with a guide price of £45,000 plus. Interested buyers are invited to view the property, which requires a minimum of 48 hours’ notice due to its tenanted status. Don’t miss out on this fantastic investment opportunity in a prime location