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investment
Offers are invited at £450,000
Ramsey Court, Hucknall Road, Carrington, Nottingham, NG5 1AS
198.24m² (2,134ft²)
Small freehold residential investment. Current income: £30,600. ERV: £38,100 p.a.
Property Information
- 4 self-contained flats fully let and income producing – £30,540
- 4 vacant garages – ERV £3,360
- 2 ground rents – £60 p.a.
- Opportunity to acquire vacant possession of Flats 4 & 5, with the potential to increase the income by up to £18,000 p.a.
- Excellent location, good re-letting prospects, modern building
- Offers invited at £450,000 to show an initial yield of 6.8% and a reversionary yield of 8.46% before costs
Reference No: 11823
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Location
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