Tenanted two-bedroom maisonette in North Shields generating £475 PCM (£5,700 pa) with a reliable tenant in situ, offering an immediate, hassle-free investment opportunity
Description
Tenanted Investment Opportunity | Two Bedroom Maisonette | Immediate Income
An excellent opportunity to acquire a tenanted two-bedroom maisonette situated within Grace House, St. Johns Green, a well-established residential area of North Shields. This property is ideally suited to buy-to-let investors seeking an immediate, income-producing asset.
The accommodation is arranged over two floors and briefly comprises: entrance hall, kitchen, and a spacious lounge/dining area to the first floor. To the second floor are two well-proportioned bedrooms and a family bathroom. The property benefits from good natural light throughout and a practical layout, appealing to long-term tenants.
Externally, the development offers communal grounds and parking, with nearby amenities, transport links, and local schools all within easy reach.
Investment Details
Current Rent: £475 PCM (£5,700 per annum)
Tenancy: Established tenant in situ
Payment History: Rent paid in full and on time with no arrears or issues
Tenure: Leasehold (details to be confirmed)
This is a hands-off investment with a reliable tenant, offering immediate rental income from completion.
Key Features
Two-bedroom maisonette
Spacious living room and separate dining area
Fitted kitchen
Family bathroom
Well-maintained by tenant
Strong rental track record
Popular residential location
Location
Grace House is conveniently located in North Shields, close to local shops, schools, and transport links including the Metro, providing easy access to Newcastle city centre and the wider region.
Auctioneers Notes
This property is sold via auction and will appeal to investors looking for a ready-made rental investment with proven income and a dependable tenant already in place.
Tenure: Leasehold
EPC Rating: ordered
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
£3,600 inc vat payable upon the fall of the virtual gavel
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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