Initial price	£120,000
10/09/24	£116,000
Price Change	-3.33%

The property is a 2-bedroom flat located in an established student area of Nottingham, within walking distance to Nottingham Trent University and the city center. The flat has been refurbished throughout and features a lounge/kitchen with dining area, two bedrooms, and a bathroom. The property is held on a long leasehold interest for 99 years, with a ground rent of £250 per annum. The flat has been let for the 2024/25 academic year at a rental of £160 per person per week, producing a gross rental of £15,360. The lease is on an inclusive of bills basis with a cap of £33 per person per week for utilities. The service charge is £1,220.32 per annum for the upkeep of external and communal areas, and the landlord's buildings insurance is £728.31 for the year. The property is being sold for offers in the region of £116,000, subject to the tenancy agreement.