MapStudio for sale
PBSA Studio Apartment - Minerva House, Nottingham
Studio
1 bath
290 sq ft / 27 sq m
EPC rating: C
Key information
Tenure: Leasehold | 253 yrs left
Ground rent: £150 per annum | review period: 25 yrs
Service charge: £3,151.53 per annum
Council tax: Ask agent
Features and description
- Tenure: Leasehold (253 years remaining)
Modern Student Studio Apartment in Minerva House, Nottingham - Investment Opportunity
This well-appointed student studio at Minerva House offers a prime investment opportunity in Nottingham's city centre. Located on the 3rd floor, this 27 sqm apartment comes fully furnished and is currently tenanted until July 2025, providing immediate rental income with an 8.25% NET yield. Minerva House is ideally situated for student living, only a short walk from both Nottingham universities. The development includes essential amenities and managed letting services, ensuring a hassle-free investment.
Key Details:
* Price: £60,000
* Rental Income: £9,130 annually (£207.50 per week)
* Tenancy: 9 September 2024 - 14 July 2025
* Lease: 253 years from January 2013
* Ground Rent: £150 (RPI increase every 25 years)
* Service Charge: £3,151.53 annually
* Letting Fees: 8% + VAT (£876.48)
Features:
This premium student studio in Minerva House offers a perfect blend of comfort and convenience, ideal for students wanting a central, fully equipped living space in Nottingham. Located just a minute from Old Market Square, the studio includes a double bed, modern kitchen with appliances, and an ensuite bathroom. Additional benefits include an ergonomic study area, high-speed Wi-Fi, and inclusive bills, ensuring a stress-free living experience.
* All bills included (electricity, water, Wi-Fi)
* Fully furnished with a 43" TV, blackout blinds, and ample storage
* Social and study areas, bike storage, and laundry facilities
* 24/7 CCTV, onsite support team, and out-of-hours emergency service
* Just 15 minutes by tram to the University of Nottingham and 12 minutes walking to Nottingham Trent University
Availability:
Weekly Rent: £207.50
Tenancy: 51 weeks
For viewings or further inquiries, contact Residential Estates: [use Contact Agent Button] /[use Contact Agent Button]
Tenure: Leasehold (253 years)
Ground Rent: £150 per year (reviewed every 25 years)
Service Charge: £3,151.53 per year
This well-appointed student studio at Minerva House offers a prime investment opportunity in Nottingham's city centre. Located on the 3rd floor, this 27 sqm apartment comes fully furnished and is currently tenanted until July 2025, providing immediate rental income with an 8.25% NET yield. Minerva House is ideally situated for student living, only a short walk from both Nottingham universities. The development includes essential amenities and managed letting services, ensuring a hassle-free investment.
Key Details:
* Price: £60,000
* Rental Income: £9,130 annually (£207.50 per week)
* Tenancy: 9 September 2024 - 14 July 2025
* Lease: 253 years from January 2013
* Ground Rent: £150 (RPI increase every 25 years)
* Service Charge: £3,151.53 annually
* Letting Fees: 8% + VAT (£876.48)
Features:
This premium student studio in Minerva House offers a perfect blend of comfort and convenience, ideal for students wanting a central, fully equipped living space in Nottingham. Located just a minute from Old Market Square, the studio includes a double bed, modern kitchen with appliances, and an ensuite bathroom. Additional benefits include an ergonomic study area, high-speed Wi-Fi, and inclusive bills, ensuring a stress-free living experience.
* All bills included (electricity, water, Wi-Fi)
* Fully furnished with a 43" TV, blackout blinds, and ample storage
* Social and study areas, bike storage, and laundry facilities
* 24/7 CCTV, onsite support team, and out-of-hours emergency service
* Just 15 minutes by tram to the University of Nottingham and 12 minutes walking to Nottingham Trent University
Availability:
Weekly Rent: £207.50
Tenancy: 51 weeks
For viewings or further inquiries, contact Residential Estates: [use Contact Agent Button] /[use Contact Agent Button]
Tenure: Leasehold (253 years)
Ground Rent: £150 per year (reviewed every 25 years)
Service Charge: £3,151.53 per year
Property information from this agent
About this agent
Residential Estates is an independent property company that provides unrivalled expertise in UK residential and commercial investments, property management, and sales as well as lettings. Covering all aspects of the property industry, our estate agents and consultants are experts in investment properties, sales, and lettings, this ensures that you are in safe hands with experts available to assist you with your property. With more than 26 years in the industry, we are associated with the Property Ombudsman for your complete peace of mind.