1 bed flat for sale

Spaniel Row, Nottingham, Nottinghamshire NG1

Minerva House - Overview
Located on Spaniel Row and just 1 minute's walk from Nottingham’s Old Market Square, students at Minerva House have the city centre on their door-step. The building is ideal for students studying at either of the cities' universities; The University of Nottingham’s main campus is just 15 minutes away via tram and Nottingham Trent University is a 12-minute walk away. Minerva House is home to 158 students each year, offering a range of studios including budget-friendly single-bed studios, to spacious deluxe apartments.

Investment Highlights

Fully managed, hands-free investment opportunity
Leading student management company in place
Close proximity to city centre shops and restaurants
250 Year Lease

**1. Rental Income Achieved:**
- Total rental income: **£6,105.00**
- Breakdown of rental terms:
- **06/09/2024 to 15/10/2024**: £1,100.00
- **16/10/2024 to 15/01/2025**: £2,530.00
- **16/01/2025 to 15/04/2025**: £2,475.00

**2. Total Expenses:**
- Total expenses (fees and disbursements): **£3,079.69**
- Fees: £883.59
- Disbursements: £2,196.10 (includes service charges and cleaning)

**3. Net Income:**
- Total net funds: **£3,132.90**

**4. Expenses in Percentage Terms:**
- Total expenses as a percentage of rental income: **50.4%**
(Calculated as £3,079.69 / £6,105.00 × 100)

This overview shows the gross rental income, associated costs, and the resulting net income.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

NOT250027/8

Details

Minerva House - Overview
Located on Spaniel Row and just 1 minute's walk from Nottingham’s Old Market Square, students at Minerva House have the city centre on their door-step. The building is ideal for students studying at either of the cities' universities; The University of Nottingham’s main campus is just 15 minutes away via tram and Nottingham Trent University is a 12-minute walk away. Minerva House is home to 158 students each year, offering a range of studios including budget-friendly single-bed studios, to spacious deluxe apartments.

Investment Highlights

Fully managed, hands-free investment opportunity
Leading student management company in place
Close proximity to city centre shops and restaurants
250 Year Lease

Financials

**1. Rental Income Achieved:**
- Total rental income: **£6,105.00**
- Breakdown of rental terms:
- **06/09/2024 to 15/10/2024**: £1,100.00
- **16/10/2024 to 15/01/2025**: £2,530.00
- **16/01/2025 to 15/04/2025**: £2,475.00

**2. Total Expenses:**
- Total expenses (fees and disbursements): **£3,079.69**
- Fees: £883.59
- Disbursements: £2,196.10 (includes service charges and cleaning)

**3. Net Income:**
- Total net funds: **£3,132.90**

**4. Expenses in Percentage Terms:**
- Total expenses as a percentage of rental income: **50.4%**
(Calculated as £3,079.69 / £6,105.00 × 100)

This overview shows the gross rental income, associated costs, and the resulting net income.