Regency Suites, Russell Street

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Martin & Co - Nottingham Phone: 0115 774 6346

<strong></strong> <strong></strong> *ATTENTION INVESTORS* A well presented studio suite available in the Trivelles Short Stay Serviced Accommodation Complex. Making the perfect investment the property with an approximate 12% yield. Offering charm and character with exposed brickwork and large windows there are onsite facilities for guests with a concierge desk, gym & café. <br /><br /><strong>OPEN</strong> <strong>PLAN</strong> <strong>STUDIO</strong> <strong>AREA</strong> <strong>15' 2" x 13' 9" (4.62m x 4.19m)</strong> The open plan studio area has a kitchenette with high and low level units with a rolled edge worktop over incorporating a stainless steel sink, microwave and mini-fridge. There is a wardrobe unit, iron & ironing board, desk & chair, wall mounted TV and a double with mattress, linens and wall mounted bedside tables. The suite blends a contemporary finish with original features such as the exposed brickwork and two large factory windows. <br /><br /><strong>SHOWER</strong> <strong>ROOM</strong> <strong></strong> Comprising of a walk in shower enclosure with a mains fitted mixer bar shower, low flush w.c, corner vanity wash hand basin, ceramic floor and wall tiling and fitted ceiling spotlights. <br /><br /><strong>LOCATION</strong> <strong></strong> The property is situated on this fringe of the City Centre with an array of amenities within walking distance and just a short distance from the heart of Old Market Square. The property also affords easy access to the Nottingham Trent University City Centre campus. On road parking is available. <br /><br /><strong>INVESTMENT</strong> <strong></strong> The property represents an approximate yield of 12% having achieved an income of £9,607.10 for the 2022 calendar year. The management company retains 10% of the income as management fee and the service charge is approx. £1,180 per annum.