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Residential Investment Property For Sale

Posted on April 19, 2017 by Mark Batty

Havana House, 4 Broomhill Road, Hucknall, Nottinghamshire, NG15 7QH

havana house

Offers in excess of £900,000 (for quick sale)
Gross Yield 13.95%<

For sale as a whole or individually
Full Rental Value £125,580 pa
Gross FRV yield 13.95%
Freehold or Leasehold
Rents inclusive of utilities
Located conveniently to J26 and J27 of the M1 and Nottingham city centre
On main bus routes close to tram station

Sales Proposal

Our Client is offering the freehold interest for sale containing 4 no. flats either as a whole or individually.

Description

A former nursing home converted in 2015 to 4 no. flats each with en-suite bedrooms and communal kitchen and/or dining room. There are a total of 24 no. lettable rooms.
Outside there are communal parking spaces, grassed area and bike store.

Tenure

Freehold, however, the flats can also be purchased individually with the benefit of new 125 year leases at a ground rent of £300 p.a. each.
Schedule of Accommodation and Rental Values (See attached schedule)
The rooms are currently being let on an individual basis on a minimum of 6 monthly Assured Shorthold Tenancies. There is potential to increase the Full Rental Value by letting to dual tenants.

Plans

Consented floor plans are available although interested parties should satisfy themselves as to the layout of the ‘as built’ accommodation.

Management

The individual flats/rooms are let & managed by ZEBRALets of Mansfield (01623 421 300) and the common parts managed by Walton & Allen of Nottingham (0115 924 3304).

Location

Havana House is very well positioned for the M1 motorway at J26 to the south west and J27 to the north west. It is just 0.5 miles to the south of Hucknall and 7 miles north of Nottingham.