8 Bed Of Multiple Occupation House For Sale Francis Street, Nottingham, NG7
£675,000- Of Multiple Occupation
1 of 7
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Last Updated: 14th March 2024
Description
Location\r
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The property is located within Burns Street in the Arboretum area of Nottingham. The area is popular with Nottingham Trent University students being a 5 minute walk from the main Nottingham Trent University campus.\r
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The tram network is also nearby providing direct access to Nottingham City Centre and beyond.\r
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Description\r
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The property comprises a 3 storey detached property with each floor comprising a self contained flat. The property has recently been refurbished and is in excellent condition throughout having been redecorated and re-carpeted throughout at the start of the academic year.\r
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Floor plans of the property are on the next page, but in brief the ground floor comprises a four bedroom flat, with a separate kitchen and living room and bathroom. \r
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To the first floor is a further two bedroom flat with separate kitchen and living room along with a bathroom . \r
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To the top floor is a two bedroom flat with separate kitchen and living room along with a bathroom.\r
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Tenure\r
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The property is to be sold freehold subject to the tenancies detailed below.\r
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Rental\r
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Flat 1 has been let for the 2023/24 academic year at a gross rental of £155 per person per week giving an overall rental of £29,760. The unit is let on an inclusive of bills basis with an allowance of £23 per person per week.\r
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Flat 3 has been let for the 2023/24 academic year at a gross rental of £160 per person per week giving an overall rental of £15,360. The unit is let on an inclusive of bills basis with an allowance of £37 per person per week.\r
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Flat 4 has been let for the 2023/24 academic year at a gross rental of £125 per person per week giving an overall rental of £12,000. The unit is let on an exclusive of bills basis.\r
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All 3 flats are let on a 48 week contract.\r
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Price\r
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Offers in excess of £675,000 are sought for the freehold interest subject to the tenancies listed.\r
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Fixtures and Fittings\r
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The property will be sold to include all the landlords fixtures and fittings within the property.
\r
The property is located within Burns Street in the Arboretum area of Nottingham. The area is popular with Nottingham Trent University students being a 5 minute walk from the main Nottingham Trent University campus.\r
\r
The tram network is also nearby providing direct access to Nottingham City Centre and beyond.\r
\r
Description\r
\r
The property comprises a 3 storey detached property with each floor comprising a self contained flat. The property has recently been refurbished and is in excellent condition throughout having been redecorated and re-carpeted throughout at the start of the academic year.\r
\r
Floor plans of the property are on the next page, but in brief the ground floor comprises a four bedroom flat, with a separate kitchen and living room and bathroom. \r
\r
To the first floor is a further two bedroom flat with separate kitchen and living room along with a bathroom . \r
\r
To the top floor is a two bedroom flat with separate kitchen and living room along with a bathroom.\r
\r
Tenure\r
\r
The property is to be sold freehold subject to the tenancies detailed below.\r
\r
Rental\r
\r
Flat 1 has been let for the 2023/24 academic year at a gross rental of £155 per person per week giving an overall rental of £29,760. The unit is let on an inclusive of bills basis with an allowance of £23 per person per week.\r
\r
Flat 3 has been let for the 2023/24 academic year at a gross rental of £160 per person per week giving an overall rental of £15,360. The unit is let on an inclusive of bills basis with an allowance of £37 per person per week.\r
\r
Flat 4 has been let for the 2023/24 academic year at a gross rental of £125 per person per week giving an overall rental of £12,000. The unit is let on an exclusive of bills basis.\r
\r
All 3 flats are let on a 48 week contract.\r
\r
Price\r
\r
Offers in excess of £675,000 are sought for the freehold interest subject to the tenancies listed.\r
\r
Fixtures and Fittings\r
\r
The property will be sold to include all the landlords fixtures and fittings within the property.
Agent Details
Oak Services Nottinghamshire Limited
34 Shakespeare Street, Nottingham, NG1 4FQ
Show Contact Number
0115 896 5010
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.