ROI = 16% BMV = -17.54%
Gallery
Description
**Offers Over £620,000**Investment Opportunity**Entire Building (Freehold)**Three Separate Apartments** A three storey end-terraced property, occupying a super-central Jesmond address, close to Acorn Road shops, Osborne Road restaurants and bars, and West Jesmond Metro. Arranged as three separate apartments, each let until Summer 2025, the building generates an annual rent of £33,800, and a gross yield of 5.45%. Scope exists to increase the current rental income through either regular residential letting or potentially via short-term Airbnb type lets. The property includes a Communal Entrance, and ground floor, first floor, and second floor apartments, each with an Entrance Hall, a Living Room / Dining Room, a Kitchen, Two Double Bedrooms, and a Bathroom or Shower room. Externally there is a front forecourt providing multi-vehicle parking, a rear yard, and a garage. Each apartment further benefits from double glazing and gas central heating. Representing a rare investment opportunity, viewing is highly recommended. Council Tax Band: C Material Information: Please see Material Information Report
Find out MoreProperty Details
- Property ID: 153267971
- Added On: 2024-10-02
- Deal Type: For Sale
- Property Price: £620,000
- Bedrooms: 6
- Bathrooms: 1.00
Amenities
- Rare Investment Opportunity
- Entire Building
- Three Separate Two Bedroom Apartments
- Annual Rent £33,800
- Central Jesmond Address
- Multi Vehicle Parking
- Garage
- Rear Yard
- Offers Over £620,000
