Sophie Road, Radford, Nottingham 2 bed flat for sale

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Sophie Road, Radford, Nottingham 2 bed flat for sale

Sophie Road, Radford, Nottingham
£110,000

Our Summary

  • INVESTMENT OPPORTUNITY
  • Great investment opportunity

Description

This is an investment opportunity to purchase a second-floor apartment located in a modern block near the Forest Recreation Ground, local tram stop, and the City Centre. The property is currently let and is being sold with the tenant in situ, generating a rental income of £725 PCM, representing a yield of 7.5% (at current asking price). The apartment features an entrance hallway, spacious living kitchen with integrated appliances, two bedrooms, and a bathroom with white suite and electric shower. The property also has UPVC double glazing and gas central heating with a combination boiler. The building stands within communal and maintained grounds and is subject to management fees and ground rent. The lease has 108 years remaining and the ground rent is £225.00, which is to be reviewed. The property is situated within the Nottingham City boundary and will require a Selective License for letting.