Studio for sale

Minerva House, Spaniel Row, Nottingham NG1

Minerva House, Spaniel Row, Nottingham, Ng1 6Ep

**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

This is a self-contained deluxe studio apartment in the incredibly popular development, Minerva House. The apartment comes fully furnished to the highest standard with a fitted kitchen, study area and en-suite. Residents of Minerva House can enjoy a thriving community atmosphere in their new home thanks to the range of bespoke communal facilities in the building, including an entertainment lounge (complete with TVs and pool tables), a fully equipped gymnasium, communal laundry facilities and secure bicycle storage. In addition, free broadband is offered throughout Minerva House, so connectivity is always freely accessible for its student residents.

Minerva House is ideally located within walking distance of Nottingham Trent University and only a short bus ride away from the University of Nottingham. Being situated right in the heart of the city means that students have access to fantastic transport links, as well as all of the bars, restaurants and clubs that are popular with the student population.

Nottingham is a busy city, host to a state-of-the-art tram system and extensive bus service, meaning it is extremely popular with the tenants ‚ making Minerva House a great option for investors looking for a good return. The University of Nottingham is home to 27,209 students & Nottingham Trent University is home to a further 22,070 students. With such a high student population, 78.9% of students cannot be accommodated by student halls on campus, meaning they search for other housing options such as Minerva House.

This property may fall within a selective licensing area where charges may apply.

Financial Breakdown

Gross Rent: £7,500.00
Net income: £3,284.50
Gross yield: 16.67%
Net yield: 7.3%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08067