Property features

• Guide Price £80,000 - £90,000
• 7th Floor Apartment
• One Double Bedroom
• Open-Plan Layout Designed For Comfort and Style
• Currently Tenanted, Generating £800/month - Ideal For Investors
• Impressive Net Yield Of 9.22%, Perfect For Portfolio Growth
• Enjoy Breathtaking Panoramas of Nottingham From the 7th Floor
• Fully Electric & Double Glazed
• EPC - B

Details

Guide Price £80,000 - £90,000

Introducing this stunning 1-bedroom apartment, situated on the 7th floor of the popular Marco Island building, now available on the open market. This property is currently tenanted, achieving a rental income of £800 per calendar month, making it an ideal, ready-made investment for those looking to add to their portfolio or for entry-level property investors. 

Netting at an impressive 9.22%, the income generation from this property is fantastic. Upon entering the welcoming communal hall, you will be greeted by the attentive concierge, leading you to the inner hall where lift access to the 7th floor awaits. The apartment boasts an open-plan layout that showcases breathtaking views of the vibrant city of Nottingham.

The kitchen is well-equipped with both eye and base level units, featuring an electric hob, oven with extractor fan, integrated washing machine and fridge/freezer. The bedroom, accessible from the hall, offers generous accommodation for a double bed. The three-piece bathroom is appointed with a bath and overhead shower, wash hand basin, and WC.

Enjoy the comfort of fully double-glazed windows and efficient electric heating throughout the apartment, creating a cosy and inviting living space. With a sitting tenant already in place, this property presents itself as a turnkey investment opportunity. Don't miss the chance to own this well-appointed apartment with a prime location and excellent investment potential. Schedule a viewing today to experience the true essence of city living at its finest.

ituation:
NG1 provides the perfect balance between family living and community and only minutes away from key transport links including the A60. Other benefits include amenities such as doctors a range of shops including a hairdresser, dry cleaners, a community centre & other leisure facilities. For schooling, please refer to: www.Nottinghamshire.gov.uk/admissions.

General Information:
Tenure: Leasehold. Local Authority: Nottingham City Council. The agency website indicates Tax band: B. Energy Rating: B. We have been informed by the current vendor that the Lease is 150 years from 2004, Ground Rent: £236 every 6 months and Service Charge: £875.00 every 6 months.

Ben Sales, HomeMove Nottinghamshire:
Ben joined the HomeMove Group as an independent Partner Agent in 2020 after previously managing a fast-paced high street branch in Central Nottingham for 10+ years. Ben has quickly established himself as a key player within the Nottingham property market and has cemented his brand within the local area. If you’re thinking of moving home within Nottinghamshire, please get in touch.

* When you make an offer on a property, we are required by law to carry out ID and Financial verification checks. As part of this we will need to see documents including Proof of ID, Address and Financial Statements and we will carry out a ‘SmartSearch’ chargeable at £7.50 per buyer.  HomeMove Estate Agents may be paid a referral fee for introducing clients to their preferred EPC, Conveyancing, Survey and Mortgage service providers. 

EPC