£6,500,000
Property for saleThe Farthings, 57 Derwent Way, Off Faraday Road, Lenton, Nottingham NG7
About this property
Investment
Prime Residential Investment For Sale Â
Let to Housing Association - Places for People
11.5 years left on 2 leases
Operational Leases effectively fr&I via Sinking Fund
Places for People - Blue Chip covenant - Assets of £5.8 Billion Adjacent to University of Nottingham Jubilee Campus
Walking distance to Queens Medical Centre. Planning - Class C3 - covering all living sectors
Rack Rent received for 2024 - £426,289 reviewed Annually Average Rack Rent for last 3 years - £419,711
erv - £650,000 pa if Apartments let individually Annual Rent Reviews
Potential Breakup Value - £8,550,000
Sale Price - £6,500,000 - Net Yield after costs - 6.14%
Prime Residential Investment For Sale Â
Let to Housing Association - Places for People
11.5 years left on 2 leases
Operational Leases effectively fr&I via Sinking Fund
Places for People - Blue Chip covenant - Assets of £5.8 Billion Adjacent to University of Nottingham Jubilee Campus
Walking distance to Queens Medical Centre. Planning - Class C3 - covering all living sectors
Rack Rent received for 2024 - £426,289 reviewed Annually Average Rack Rent for last 3 years - £419,711
erv - £650,000 pa if Apartments let individually Annual Rent Reviews
Potential Breakup Value - £8,550,000
Sale Price - £6,500,000 - Net Yield after costs - 6.14%
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