2 Bedroom Flat For Sale   |   Radcliffe Road, West Bridgford, Nottinghamshire, NG2 5BR   |    £1,400,000

Summary

An exceptional opportunity to acquire 10 long lease hold apartments within the highly regarded Bridgford Point development in the heart of
West Bridgford.
The apartments are arranged across the development and each benefit from two bathrooms together with an allocated parking space, making them highly attractive to professional tenants and owner occupiers alike. The scheme provides a strong mix of spacious accommodation, modern living and excellent connectivity to Nottingham City Centre and the wider region.
The portfolio of apartments currently generates a gross annual income of approximately £130,500 per annum (9.3%) with a net annual income of approximately £110,822 per annum (7.9%).

This portfolio offers a substantial discount from the open market value of the apartments. Individual sales typically range from £170,00 - £180,000.
Bridgford Point is a modern purpose-built apartment development situated on Scarrington Road, offering contemporary residential accommodation in a prime West Bridgford setting.
The portfolio comprises 10 self-contained apartments, each configured to provide:
Two double bedrooms
Two bathrooms
Spacious open-plan living accommodation
Modern fitted kitchens
Allocated parking spaces
Secure communal access
The apartments have proven consistently popular within the local rental market due to their excellent specification, practical layouts and highly sought-after location.
The development offers investors a rare opportunity to acquire a ready-made income producing asset with established rental performance in an area where tenant demand remains exceptionally strong.

Location

West Bridgford is widely regarded as one of Nottinghamshire"s premier residential and commercial suburbs, consistently attracting strong demand from professionals, families, students and investors alike.
Scarrington Road is situated within close proximity to Central Avenue, one of the area"s main retail and leisure destinations, which provides an extensive range of independent cafés, bars, restaurants, supermarkets and national retailers. The location also benefits from excellent public transport links into Nottingham City Centre together with convenient access to the A52, A46 and M1 motorway network.
The area is particularly popular with working professionals due to its close proximity to Nottingham City Centre, Trent Bridge Cricket Ground, Nottingham Forest Football Club and a range of major employers and educational facilities including the University of Nottingham and Nottingham Trent University.
West Bridgford continues to demonstrate strong long-term residential demand and limited supply of high-quality apartment accommodation, underpinning both rental growth and future capital value prospects.

Additional Information

For further information on this property please call 01157342000 or e-mail enquiries@lester-bingley.co.uk