INVESTEMENT OPPURTUNITY – First Floor flat to be sold with tenant in-situ currently paying £650pcm giving a gross yield of 8.66 % against the asking price.
The flat has a valid EPC until August 2031 at Grade B, Gas Safety Certificate until May 2025 and EICR carried out in July 2020.
We understand the home is on a 125 year lease from January 2007 with approx. 108 years remaining with a ground rent of £150 per year and a service charge of £1276 per year or £107 approx. per month. (Full details will be confirmed by solicitors)
Comprises: entrance hall with storage cupboard, open plan lounge/dining room, kitchen with built-in oven and hob, double master bedroom with built-in wardrobes and en-suite shower room/WC, second double bedroom and a family bathroom/WC.
The homes comes with its own parking bay and there is visitor parking on-site.
Gas heating system and double glazing.
Located close to Heworth Golf Club and only a short distance to the QE Hospital. The property should appeal to couples and professionals alike, being a commutable distance to both Newcastle and Gateshead centres.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.
QLF230141/2