Nottingham, NG7 6NQ

Residential Investment Opportunity Nottingham, NG7 6NQ High yielding residential investment comprising 20 flats and one house Forest Fields Nottingham City Centre The Subject INVESTMENT CONSIDERATIONS ■ Freehold ■ Currently fully let producing £110,280 per annum ■ Comprising 1 x studio, 1 x two bed flat, 1 x four bed house and 18 x one bed flats ■ Gross Yield: 11.6% ■ Located in a predominantly residential area on the outskirts of Nottingham City Centre ■ Offers are invited in excess of £950,000 subject to all existing tenancies, subject to contract ■ Gated onsite parking available Tenure Freehold. Location Third Avenue is located on the outskirts of Nottingham, within 2.4 km (1.5 miles) of the city centre. Nottingham has a growing economy worth an estimated £12.1 billion, the city is served by a substantial diversified workforce, with over 15 million people living within a 50 mile radius of the centre. Nottingham is the UK’s 4th largest University City and has also benefitted from £1 billion of investment into their transport and business infrastructure. Nottingham positioned alongside the M1 Motorway in central England is well located for the neighbouring cities of Derby (24 km (15 miles) to the west), Sheffield (71 km (44 miles) to the north) and Birmingham (82 km (51 miles) to the south west). The city is well connected by road, being approximately 6.4 km (4 miles) from Junction 26 of the M1 Motorway, providing good links north and south of the country. For indicative purposes Nottingham benefits from both a train station and an extensive tram network, making the city centre easily accessible. There are frequent trains from the city centre, with routes to Sheffield (50 minutes), Birmingham (1 hour 15 minutes) and Leeds (1 hour 50 minutes). There are also regular services to London St Pancreas with journey times of approximately 1 hour 40 minutes. The East Midlands Airport is 22 km (13.7 miles) to the south west of the city and connects Nottingham internationally. The subject is situated at the end of Third Avenue, a cul-de-sac, in the city suburb of Forest Fields. The nearest tram stop to the subject is Noel Street (a 10-15 minute walk away) providing access to the city centre with a journey time of 10 minutes. Description The subject property comprises various inter- linked blocks providing 21 residential units in total. Accommodation, in the main, is over ground and two upper floors (including eaves). The properties are accessed via Third Avenue and have a gated entrance system. In total, the subject comprises: • 1 x 4 bedroom house • 1 x two bed apartment Refurbished Flat • 1 x studio apartment • 18 x 1 bed apartments The flats, in the most part, benefit from a communal gas central heating system, whereas those flats in no.10 benefit from electric water storage heaters. There is ample car parking available to the side of the property and a large communal garden. Tenancies / Rental Income The portfolio is currently fully let, producing a gross income of £110,280 per annum. We understand rents are inclusive of electricity and gas, whilst all units are individually metered and billed for water. Please refer to the data room for a full accommodation / tenancy schedule. Additional Information Contacts An extensive information pack is available to view and download online at: For further information or to arrange an inspection, please contact: Third Avenue https://datarooms.allsop.co.uk/register/Thirdavenue Jack Robson Nottingham 0113 243 7952 NG8 6NQ Method of Sale [email protected] The property is for sale by way of Private Treaty however we reserve the right to Jordan Payler conclude marketing by an Informal Tender process. 0113 243 7957 [email protected] Viewing Information Proposal James Wilson Offers are invited in excess of The property will be subject to block viewing arrangements and will not be 0113 236 6679 available for viewing internally outside of these times. Please contact the office to [email protected] £950,000 subject to all existing register your interest. tenancies, subject to contract Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective allsop.co.uk purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. .

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