Initial price	£130,000
18/07/24	£125,000
09/08/24	£120,000
Price Change	-7.69%

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 is situated on the third floor of a purpose-built block and has recently been refurbished, including the installation of a new boiler. The property is let for the 2024/25 academic year at a rental of £155 per person per week, with a cap of £33 per person per week for bills. The leasehold interest is held for a term of 99 years from 2006, with a ground rent of £250 per annum. The property also comes with a service charge of £1,220.32 per annum for the upkeep of external and communal areas, as well as landlords' buildings insurance. The seller is seeking offers in the region of £120,000 for the benefit of the long leasehold interest, subject to the tenancy.