Top Floor, The New Alexandra Court, Woodborough Road, Nottingham, Nottinghamshire, NG3 4LN

Cavendish Residential are pleased to offer for sale this well-proportioned top-floor apartment within The New Alexandra Court on Woodborough Road, conveniently positioned for access to Nottingham city centre.

The property is being sold as an established investment with the existing tenant remaining in occupation, currently paying £885 per calendar month, equivalent to £10,620 per annum.

The Property The accommodation comprises an entrance hallway leading into a bright open-plan living, dining and kitchen area, with direct access onto a private balcony.

There are two bedrooms and two bathrooms, including en-suite facilities to the principal bedroom, providing a layout particularly well suited to professional tenants and sharers.

The apartment also benefits from gated allocated parking, while its top-floor position and private outside space add further appeal within the development.

Census data analysis of the surrounding 1 km catchment identifies more than 24,000 residents and over 10,000 households, with approximately 35% of households privately rented.

Around 72% of local residents are of working age, while apartments account for approximately 44% of the local housing stock, demonstrating an established market for rented apartment accommodation.

For investors, these figures indicate an established and sizeable rental market, with a strong working-age population and a high proportion of existing renters and apartment occupiers, helping support ongoing tenant demand and future re-letting prospects.

Building Safety & Cladding Safety Scheme The New Alexandra Court has been confirmed as eligible for funding through the Cladding Safety Scheme.

Homes England has confirmed that the Responsible Entity has entered into contract with the scheme and appointed a professional team to design and undertake the relevant works.

Importantly, the letter confirms that costs relating to the external-wall remediation recommended within the FRAEW will not be passed on to leaseholders.

A copy of the Homes England lender letter and supporting building information can be made available to prospective purchasers and their mortgage advisers.

Investment Information The property is offered for sale with the existing tenancy in place, allowing a purchaser to acquire an income-producing investment without the initial void period normally associated with sourcing a new tenant.

Current rent: £885 pcm Annual rental income: £10,620 Headline gross yield: approximately 9.23% Illustrative buy-to-let finance information: Purchase price: £115,000 Illustrative 25% deposit: £28,750 Illustrative 75% mortgage: £86,250 Current rent: £885 pcm / £10,620 pa Service charge: approx.

£2,500 pa Ground rent: approx. £150 pa Using an illustrative interest-only borrowing cost of 5.5%, mortgage interest on £86,250 would be approximately £395 pcm / £4,744 pa.

This would leave approximately £3,226 per annum / £269 per month after illustrative mortgage interest, service charge and ground rent, but before management fees, maintenance, insurance, taxation, mortgage/product fees, voids and other landlord costs.

This example is for illustration only and is not a mortgage offer or financial advice.

Mortgage availability, rates and terms will depend on the purchaser's circumstances, lender criteria, valuation and the lender's assessment of the property and development.

Prospective purchasers should obtain advice from an appropriately authorised mortgage adviser. Please contact Cavendish Residential for further property and investment information.

Further tenancy, leasehold and building-safety documentation is available from Cavendish Residential on request.