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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.

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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

Contact Agent

Noel Roper

T: 07711 211 511

E: noel@fhp.co.uk

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