Guide Price £890,000

7
8
Detached Property

  • Converted Victorian Property
  • Seven Self Contained Flats
  • Double Glazing
  • Large Car Park To Rear
  • Fully Let. An Ideal Investment Buy
  • Popular location. EPC Rating C-E
This attractive Victorian property has been converted to provide an exciting investment opportunity in a sought after location. Situated close to a wealth of facilities in the popular South Nottinghamshire suburb of West Bridgford, the property is also within easy reach of Nottingham City Centre, Nottingham Forest Football Ground and numerous University sites.

The well presented accommodation provides seven self contained flats, each with a private exterior entrance door, comprising three one bedroom flats to the ground floor, three one bedroom flats to the first floor, plus a further spacious two bedroom flat complete with two en-suites to the second floor.

Benefiting from double glazing, the property includes a large car park to rear providing off road parking for numerous vehicles, and offering the potential for further development subject to the correct planning consents.

The property is successfully let in full and provides a current total income of £43,440 per annum.

Offered to the market with no upward chain, with fantastic potential for further development. Viewing is highly recommended.

GROUND FLOOR ACCOMMODATION

Flat One

Comprising an entrance hall, lounge, kitchen, bathroom and one bedroom.

Flat Two

Comprising an entrance hall, lounge, kitchen, bathroom and one bedroom.

FIRST FLOOR ACCOMMODATION

Flat Three

Comprising an entrance hall, lounge, kitchen, bathroom and one bedroom.

Flat Four

Comprising an entrance hall, lounge, kitchen, bathroom and one bedroom.

Flat Six

Comprising an entrance hall, lounge, kitchen, bathroom and one bedroom.

Flat Seven

Comprising an entrance hall, lounge, kitchen, bathroom and one bedroom.

SECOND FLOOR ACCOMMODATION

Flat Five

Comprising an entrance hall, lounge, dining kitchen, two bedrooms and two en-suites.

OUTSIDE

To the rear of the property is a large car park providing off road parking for numerous vehicles, with the potential of future development subject to correct planning consent.

RENT & INCOME

Flat One - Monthly Rental of £510.00
Flat Two - Monthly Rental of £495.00
Flat Three - Monthly Rental of £495.00
Flat Four - Monthly Rental of £500.00
Flat Five - Monthly Rental of £600.00
Flat Six - Monthly Rental of £510.00
Flat Seven - Monthly Rental of £510.00

The flats are all let and generate an annual income of £43,440.

Referral Arrangement Note

Thomas James Estate Agents always refer sellers (and will offer to refer buyers) to Fraser Brown, Premier Property Lawyers, Ives & Co, and Curtis & Parkinson for conveyancing services (as above). It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Thomas James Estate Agents would receive a referral fee of between £120 and £240 including VAT from them, for recommending you to them.

Directions

Castlegate House, Colwick Road can be located off Radcliffe Road (A6011), West Bridgford, Nottingham.

Energy Performance Certificates

Please note that the graphs below show figures for Flat one. An Energy Performance Certificate exists for each apartment, please contact the selling agent for details.