Excellent investment opportunity Good size one double bedroom studio-style, fifth floor, furnished apartment in the sought after development of Marco Island. 24hr concierge service in the heart of Nottingham City Centre. Property comprises of open plan lounge and kitchen (with appliances) and overhead spotlights. Bedroom is separated by partition wall. Main bathroom has a bath with shower over. Currently Tenanted until August 2026 on a 12 month AST with a rent of £805pcm. Estimated gross yield of 10.2%. The property has been successfully let and managed by Cavendish Residential since September 2008 with negligible void periods (for check out, cleaning and inventories for incoming Tenants). Viewing highly recommended. Council: Nottingham City Council Council Tax Band: B EPC Rating: B Tenure: Leasehold Lease length: 150 years from April 1st 2004 Service charge currently: £1767.78 per year Ground rent: £322.80 per year Please note all above figures have been provided by the seller- we would strongly advise these points are checked via a conveyancing solicitor.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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