Property Description

High yielding residential investment property. Offered for sale at a very attractive guide price is this well equipped, third floor, vacant student style flat accommodation set in a beautiful Grade II listed detached property, situated within easy reach of Crookes Valley Park, Universities and Hospital. Interestingly, this charming detached property has been converted into 109 rooms with clusters of three, five and six bedrooms all with communal facilities. The flat is currently let on an assured shorthold tenancy agreement dated 25 August 2023 to 24 February 2024, producing £520 per calendar month (£3,120 over a 6 month period) to include electric and water, this will represent an impressive 16.9% return based on the guide price. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. In brief, the accommodation consists of ground floor communal entrance with staircase. Flat three can be found on the third floor, comprising of a communal passaged hallway, shared open plan living kitchen area with built-in-appliances, and double bedroom with en-suite shower room. The property occupies a strong letting location and will surely appeal to local and national investors looking to acquire a potentially high yield residential investment opportunity. Note: There has been repainting of the unit throughout and repair work to the shower room, since our photographs were taken.

Shared living kitchen area -

15ft 11 x 13ft 5

Bedroom -

10ft 9ft 8

En-suite shower room -

9ft8 x 4ft 6

Tenure: Leasehold

We are informed by the seller the following:- Ground rent £330 per annum in 2023 Service charge £1255 per annum in 2023. Please see verification in legal pack.

Tenure

Leasehold

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