Residential Investment Property For Sale

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

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.

Energy Efficiency Ratings

Flat 1 – 77 C
Flat 2 – 80 C
Flat 3 – 73 C
Flat 4 – 77 C

Prices (Sold as Individual Leasehold Flats)

Flat 1
FRV £31,200 pa
£225,000
Flat 2
FRV £22,620 pa
£165,000
Flat 3
FRV £26,000 pa
£190,000
Flat 4
FRV £45,760 pa
£345,000

Viewings/Further Information

Strictly by appointment with Mark Batty of Walton and Allen.
Tel: 0115 924 3304
mark@waltonandallen.co.uk

 

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