This property is no longer on the market
Studio
Key information
Property description & features
- Tenure: Leasehold (241 years remaining)
- High Yield Student Investment
- Earn 6.0% NET Rental Income
- Generates £2,616.00 net per annum (approx.)
- Fully managed, hands free student investment
- Leading student property management company in place
Spacious student studio apartment for sale in the heart of Nottingham city centre, and in close proximity to two major universities. Hugely popular with students studying in the city, this studio currently generates over 7.5% net rental income (£3,062.20 per annum). The unit is fully managed by one of the UK's leading student property management companies.
Located on Spaniel Row and just 1 minute's walk from Nottingham’s Old Market Square, students at Minerva House have the city centre on their door-step. The building is ideal for students studying at either of the cities' universities; The University of Nottingham’s main campus is just 15 minutes away via tram and Nottingham Trent University is a 12-minute walk away. Minerva House is home to 158 students each year, offering a range of studios including budget-friendly single-bed studios from just £130 per week, to spacious deluxe apartments.
Investment Highlights
Invest from just £40,700
Net rental yields of up to 6.0%
Fully managed, hands-free investment opportunity
Leading student management company in place
Close proximity to city centre shops and restaurants
250 Year Lease
Dual occupancies permitted
Unit Financial Breakdown - Studio 3.07
Studio 1.29 - £43,700 - 1st Floor
Tenanted at £162.50 per week for 44 weeks
Gross rental - £7,150.00
Service charge - £3,441.00
Management fee - £943.80 11.0% plus vat (Xenia Lettings)
Ground Rent £150 (241 Year Lease Remaining)
Net rental - £2,616
Net Yield - 6.0%
Reserve your unit with a signed reservation form
Provide certified ID, proof of address and proof of funds to Pure Investor
Pay a £2,000 non-refundable reservation fee
Remaining balance due on completion
Places of interest
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