12 bed semi-detached house for sale

Addison Street, Nottingham NG1

Fhp Student Living are delighted to present this 12-Bed Student Investment Opportunity
Primary Location for students at Nottingham Trent University
Fully tenanted for the current academic year. Gross Income for 2022/23 academic year of £82,000.
Potential for rental uplift and gradual improvements of the scheme
Gross Yield of 8.63%, breakdown to £79,166 per bed
Please contact Greg Fieldhouse for more information.

Fhp Student Living are thrilled to present this excellent Student Investment Opportunity in the Arboretum area, under 0.2 miles from the ntu City Campus. The property has a rich letting history since converted and refurbished in circa 2018.

The property is ideally located near to 'student hotspots', The Victoria Centre and has a Sainsbury's local with in walking distance.

The property consists of 12 double bedrooms ranging from 8.19 sqm up to just shy of 16 sqm. The property also has 2 Shower Rooms and 3 Bathrooms, throughout four flats.

Flat 1 = 4 Bedrooms, 1 shower room and 1 bathroom
Flat 2 = 2 Bedrooms and a bathroom
Flat 3 = 2 Bedrooms and 1 shower Room
Flat 4 = 4 Bedrooms, 1 shower room and a bathroom

The property was renovated in circa 2018 and is currently tenanted for 22/23 and partially pre-let until the Summer of 2024. Gross rental income for 22/23 is £82,000 pa. Erv for 23/24 is £87,000.

£82,000 pa income generates a gross yield of 8.63% and the property is let inclusive of bills. Current Net income is £62,000, producing a net yield of 6.52%.

If interested, or to book a viewing, contact Greg Fieldhouse of fhp Student LivingThese sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have not been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. Passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.