ROI = 13% BMV = 13.38%
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Description
Appealing to buy to let investors is this well presented 3 bedroom top floor apartment centrally located within the heart of Newcastle City Centre. The property has been rented out as a three bedroom property which has been generating an income of £17,056 per annum and currently has an HMO licence. The accommodation briefly comprises; secure communal entrance with intercom system, lift and stairs to all floors, entrance hallway with storage cupboard, lounge with walk in bay window, well appointed kitchen with a good range of wall and base units, space for appliances, three bedrooms and a three piece bathroom/W.C. Externally there is an allocated parking bay which is currently rented out separately generating an income of £1200 per annum, also motorbike parking. The property is centrally located close to both Universities, RVI hospital, St James Park football stadium, bars, restaurants, Eldon Square Shopping Centre, Haymarket Metro Station. AGENTS NOTE: There is currently an HMO License to rent out as 3 Bedrooms to 3 Tenants (Students/Professionals). Please note the Annual Service Charge includes Unlimited Water Bill of £554.56 within the cost of £2908. Council Tax Band: B Tenure: Leasehold Length Of Lease: 87 Annual Ground Rent Amount: £20.00 Annual Service Charge Amount: £2,908.00
Find out MoreProperty Details
- Property ID: 149582630
- Added On: 2024-12-12
- Deal Type: For Sale
- Property Price: £140,000
- Bedrooms: 3
- Bathrooms: 1.00
Amenities
- Being Sold via Secure Sale Online Bidding. Terms & Conditions apply.
- Currently Tenanted
- Three Bedroom Apartment
- City Centre Location
