TWO BEDROOM APARTMENT WITH ALLOCATED PARKING
LET TO LONGSTANDING TENANTS! GENERATING £1,200Ppcm (£14,400 annually)!
Description
An excellent opportunity to acquire a fully tenanted investment property, with longstanding tenants since October 2024. Generating an income of £1,200 PCM from October 2025, £14,400 annually! The flat benefits from a valid EPC until January 2034 and an EICR until September 2029, providing compliance and peace of mind.
The apartment has an entrance hall with a large storage cupboard, an open-plan lounge/dining/kitchen fitted with integrated appliances including fridge/freezer, oven, microwave, electric hob and dishwasher. There are two double bedrooms, both featuring French doors opening onto Juliet balconies. The main bedroom includes an ensuite shower room, in addition to a separate main bathroom.
Additional features include a secure telephone entry system and lift access to all floors.
Externally, the property benefits from an allocated parking space along with ample visitor parking.
Situated within the Ochre Yards development on the south bank of the River Tyne, the property is within easy walking distance of Newcastle city centre and the popular Quayside.
Leasehold information: We understand the property is held on a 125-year lease from 1 January 2012 (approximately 110 years remaining). Ground rent is approximately £165 per annum, with a service charge of £2,508.40 per annum (£209.03 PCM). All details to be confirmed by solicitors.
Tenure: Freehold
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3600 inc VAT payable on exchange of contracts.
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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