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Park Drive, The Park Estate... 2 bed apartment for sale
Park Drive, The Park Estate, Nottingham, Nottinghamshire, NG7 1DA
£270,000
Park Drive, The Park Estate, Nottingham, Nottinghamshire, NG7 1DA
£270,000
Our Summary
- Owner occupier or investment opportunity
Description
This stunning two double bedroom top floor apartment is located in the prestigious Park Estate in the heart of Nottingham. The property features a large open-plan lounge, dining area with a feature fireplace and wooden flooring, as well as a separate kitchen area with modern fixtures and fittings. The apartment also includes two double bedrooms, with the master bedroom boasting an en-suite bathroom, and a further double bedroom and family bathroom with a shower over bath. The property comes with off-street parking for one car and a small raised terrace outside the building. The apartment is currently tenanted until 2025, achieving a monthly rent of £1195 and an estimated gross yield of 5.1%. The property is leasehold with a 125-year lease from 1997 and a service charge of £0 per year, although a Shareholder Agreement has been set up to pay for necessary works. The ground rent is peppercorn.