Property photos
£6,500,000
Property for sale
The Farthings, 57 Derwent Way, Off Faraday Road, Lenton, Nottingham NG7Local area information
Property location
Nearby amenities
- Radford Primary School Academy 0.3 miles
- Southwold Primary School and Early Years' Centre 0.3 miles
- Nottingham 1.5 miles
- Beeston 2.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Nottingham to find out more about the local area.
Features and description
Investment
Prime Residential Investment For Sale Â
Let to Housing Association - Places for People
11.5 years left on 2 leases
Operational Leases effectively fr&I via Sinking Fund
Places for People - Blue Chip covenant - Assets of £5.8 Billion Adjacent to University of Nottingham Jubilee Campus
Walking distance to Queens Medical Centre. Planning - Class C3 - covering all living sectors
Rack Rent received for 2024 - £426,289 reviewed Annually Average Rack Rent for last 3 years - £419,711
erv - £650,000 pa if Apartments let individually Annual Rent Reviews
Potential Breakup Value - £8,550,000
Sale Price - £6,500,000 - Net Yield after costs - 6.14%
Prime Residential Investment For Sale Â
Let to Housing Association - Places for People
11.5 years left on 2 leases
Operational Leases effectively fr&I via Sinking Fund
Places for People - Blue Chip covenant - Assets of £5.8 Billion Adjacent to University of Nottingham Jubilee Campus
Walking distance to Queens Medical Centre. Planning - Class C3 - covering all living sectors
Rack Rent received for 2024 - £426,289 reviewed Annually Average Rack Rent for last 3 years - £419,711
erv - £650,000 pa if Apartments let individually Annual Rent Reviews
Potential Breakup Value - £8,550,000
Sale Price - £6,500,000 - Net Yield after costs - 6.14%
More information
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