The Lambs, The Lambs Building, Nottingham, NG1 2JS
£1,000,000
8 bedrooms
4 bathrooms
Portfolio of all two bedroom apartments within The Lambs Building comprising of four units. Fantastic views overlooking the Market Square and obtaining an annual rent roll of £72,000.
Fantastic opportunity to own all two bedroom apartments within a building in the heart of The Nottingham City Centre. All flats are currently occupied until Sept 2023 and will be sold furnished.
- 4x 2 Bedroom Apartments
- Annual rent 72,000
- Gross Rental Yield 6%
- Income generating to Sept 2023
- Leasehold 250 Years from 2018
- Council Tax- D,D,D,C
- EPC Rating - D,C,C,D
- EICR Certificates Satisfactory
- Selective Licences on all four granted.
- Owned by one investor since purchase.
- No parking.
- Recently re-painted
- Furnished apartments to a high standard with kitchen appliances included.
- Service charge per property per year - £1404
- Ground rent per property per year - £300
Unit 1 Rent Achieved - £1450
Unit 2 Rent Achieved - £1450
Unit 3 Rent Achieved - £1450
Unit 4 Rent Achieved - £1650
Fairview Estates offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase.
Disclaimer - Agents Disclaimer: Fairview Estates, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Fairview Estates have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.
Purchaser information -The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017(MLR 2017) came into force on 26 June 2017. Fairview Estates require any successful purchasers proceeding with a property to provide two forms of identification i.e. passport or photo card driving license and a recent utility bill or bank statement. We are also required to obtain proof of funds and provide evidence of where the funds originated from. This evidence will be required prior to Fairview Estates removing a property from the market and instructing solicitors for your purchase.
