This self-contained studio apartment is situated on the 5th floor of the popular Minerva House student accommodation. The apartment comes fully furnished to the highest standard with a fitted kitchen, study area and en-suite. Residents of Minerva House are perfectly placed to enjoy a thriving community atmosphere at their new home, thanks to access to a range of bespoke communal facilities, including an entertainment lounge (complete with TVs and pool tables), a fully-equipped gymnasium, communal laundry facilities, and secure bicycle storage. In addition, free broadband is offered all over Minerva House, so connectivity is always freely accessible for its student residents.
Nottingham is a thriving student city. Home to two of the uk’s most popular universities, Nottingham has a student population in excess of 54,000, with this figure growing every year. Although officially categorised as a city, Nottingham feels like a big town. Whilst enjoying all the amenities that befits its city status, Nottingham has the comfort and peaceful ambience of a town. In keeping with its homely feel, Nottingham has always been proud of its stunning fusion of heritage and history mixed with a modern, cosmopolitan city. Nottingham has an abundance of cultural hotspots, with the city most famous for being home to legendary figure Robin Hood, poet Lord Byron and novelist D.H. Lawrence, there are references to these famous figures all around the city.
Nottingham is a known student hub, home to over 60,000 students, but the city is currently facing a chronic undersupply of student accommodation to meet this growing demand. However, the completion of Minerva House has led to the city of Nottingham benefitting from a prime Purpose-Built Student Accommodation development designed specifically to cater for Nottingham's large student populace.
Gross rent: £6,710 Ground rent: £250 Service charge: £1,723 Lettings fees: £886 Net income: £3,851 Gross yield: 12.2% Net yield: 7%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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