Summary - 1A APARTMENT 17 HOLLOWSTONE NOTTINGHAM NG1 1JH
1 bed 1 bath Apartment
**Standout Features:**
- One-bedroom apartment in vibrant Lace Market area
- High ceilings and period features combined with modern design
- Open-plan kitchen, dining, and living space filled with natural light
- Currently tenanted, producing a Gross Yield of 7.84%
- Leasehold with 973 years remaining on the lease
- Close proximity to a variety of shops, restaurants, and attractions
**Concerns:**
- Average-sized with a service charge of £2,425.64 annually
- Property is located in a deprived area; crime rate is average
Discover a unique investment opportunity in this well-presented one-bedroom apartment, perfectly situated in the heart of the vibrant Lace Market. The spacious open-plan layout is designed for modern living, featuring large windows that flood the home with natural light while also showcasing charming period details. Enjoy the comfort of a sizable bedroom with an ensuite bathroom, alongside an additional separate toilet for guests. With a current tenant paying £850 per month, this property generates an impressive Gross Yield of 7.84%, making it an ideal choice for investors.
Despite being located near bustling shops and eateries, the apartment remains quiet and serene, ensuring comfort amidst the urban buzz. With a leasehold of 973 years remaining, you can feel secure in the future potential of this investment. Note that the area has some socioeconomic challenges, but with excellent mobile signal and fast broadband speeds, it's convenient for residents. Viewing is highly recommended—opportunities like this in a desirable location won’t last long!
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