Savills is marketing a single lot residential investment
portfolio sale in Nuthall Road, Nottingam for
£2.2million.
During the market downturn, the former NED Nuthall Road
residential development site was mothballed. The financiers,
Vendside Ltd, stepped in and completed the scheme in 2010. The
development comprises 18 semi-detached, three and four bedroom
houses accessed off a new cul-de-sac and each with parking and rear
gardens.
Vendside Ltd have let each of the houses to the private sector,
which has resulted in this once stalled site now being fully
occupied and in use providing quality living accommodation for the
tenants and commercial benefits to nearby businesses.
Donah Savage of Vendside Ltd comments:
"This small select development of 18 properties, offering three
different house types is located on the A610 with easy access to
both Nottingham city centre and Junction 26 of the M1 motorway.
Each property on Tyne Court and Tyne Close is a well-proportioned
family home complete with full central heating and double glazing,
with gardens to the front and rear, and with off-road parking. The
homes are complete with smoke alarm, intruder alarm and fully
fitted carpets."
Michael Donaghy of Savills is acting on behalf of the vendors
and comments:
"This stalled residential development site has been completed by
Vendside Ltd and offers a brand new, fully let residential
investment opportunity with each property having the benefit of an
NHBC Build Mark Guarantee. For all 18 houses, which produce a
current annualised income of £141,600, offers in the region
of £2,200,000 are being sought."