Investment
9.23% gross yield investment opportunity! Tenanted top floor apartment with balcony with parking...
offers over
£115,000Top Floor, The New Alexandra Court, Woodborough Road, Nottingham, Nottinghamshire, NG3 4LN
x2 x2 x1
Tenanted investment opportunity!
Currently let at £885 pcm (annual income £10,620)
Approximately 9.23% headline gross yield at £115,000
Top-floor apartment with stunning views
Large private balcony
Allocated gated parking
Established residential development close to Nottingham city centre
EPC Rating E (valid until 2030) | Council Tax Band C (Nottingham Council)
No chain
Cladding Safety Scheme funding confirmed – lender documentation available
Tenancy information
SUMMARY OF ALL FEES, PAYMENTS AND DEPOSIT BREAKDOWN
This section sets out the fees, payments and deposit arrangements that may apply when renting a property through us. Different rules apply depending on whether the Tenancy is granted to an individual Tenant or to a Company.
Please read the relevant section carefully before making an application. If you are unsure which section applies to you, please speak to a member of our team before proceeding.
Individual Tenancies
The following fees apply only where the Tenancy is granted to an individual Tenant as an Assured Periodic Tenancy
Tenant applications - No fee
Guarantor charge, if applicable - No fee
Home Office Visa Check, if applicable - No fee
Holding Deposit, to reserve the Tenancy subject to referencing - 1 week’s rent
Tenancy Deposit - up to 5 weeks’ rent
Payments in the event of default
Lost keys and/or security devices - The Tenant will be liable to cover the reasonable cost of replacement of these items
Late payment of rent - Where rent is at least 14 days overdue, the Tenant will be liable to pay interest on the outstanding rent at a rate of 3% above the Bank of England base rate
Other Fees
Variation of Contract, change within the current contract - £50 including VAT, or reasonable costs incurred if higher
Assignment of Contract, change of Tenant within the current contract - £50 including VAT, or reasonable costs incurred if higher
Novation of Contract, provision of a new contract - £50 including VAT, or reasonable costs incurred if higher
Surrender of Tenancy - A Tenant will be required to make a payment for an early termination/surrender of the Tenancy Agreement at the Tenant’s request. The payment cannot exceed the loss suffered by the Landlord or the reasonable costs incurred by us as the Letting Agent
Pets - No additional rent, fee, deposit, insurance requirement or charge will be payable by the Tenant as a condition of obtaining consent to keep a pet. The Tenant remains responsible for any damage, nuisance, infestation, cleaning or other reasonable loss caused by any pet kept at the property, subject to the terms of the Tenancy Agreement, any applicable tenancy deposit rules and any statutory restrictions
Corporate Tenancies
The following fees apply only where the Tenancy is granted to a Company and is not an Assured Periodic Tenancy.
Company applications - £540 per Tenancy
Holding Deposit - determined on application
Tenancy Deposit - determined on application
Payments in the event of default - determined at the time of the default
All fees are inclusive of VAT
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