Property Details

1 bedroom apartment for sale For Sale

Marconi House, City Road, Newcastle Upon Tyne, NE1

£117,000

ROI = 10% BMV = -1.4%

Gallery

Description

** ONE BEDROOM MANHATTAN STYLE APARTMENT IN CENTRAL LOCATION ** Sold with a tenant in situ until January 2026 at £850 pcm this is an ideal investment opportunity. Located in Marconi House, this apartment benefits from lift access and is offered with no onward chain. Well situated with access to a large range of local amenities, bars, restaurants and transport links, the accommodation provides; Open plan kitchen/living area with Juliet balcony, bedroom and bathroom. Energy Efficiency Rating C. Council Tax Band B. Entrance Hall Wall mounted electric heater, storage cupboard housing hot water boiler and plumbing for washing machine. Open Plan Kitchen/Living Room 5.78m x 4.27m Max Living Area Wall mounted electric heater, television aerial, satellite, telephone and radio points, telephone entry system, double glazed doors to Juliet balcony. Kitchen Area Range of wall and base units with roll edge worktop surfaces incorporating stainless steel single drainer sink unit, integrated appliances to include; Electric oven and hob with stainless steel extractor canopy above, fridge/freezer and dishwasher. Bathroom 2.30m x 1.76m Bath with shower, pedestal wash basin, WC, tiled splashbacks, towel rail radiator, tiled flooring, electric shaver point, extractor fan. Bedroom 3.14m x 2.51m Max Internal window, wall mounted electric heater, telephone and television aerial points. Leasehold Information The remaining term on the lease is approximately 105 years. The annual service charge is £1460.00 approximately, with a ground rent of £175 per annum. The Ground rent is reviewed every 25 years (first review in 2030), and will be adjusted in line with ONS's National Average Earnings. Please note we have not inspected the headlease. Material Information Tenure: Leasehold. The block is managed by Marconi House RTM Company Limited. Council Tax: Band B. Authority; Newcastle City Council For current rates please visit; Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property. Heating is via electric heaters. Broadband: Follow the link to check broadband providers and speeds; Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Parking: There is no parking available with this apartment. There is an EWS1 form available for Marconi House, please enquire for further details. Cladding remedial works have been carried out. You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing. Please note the lease can be made available upon request.

Find out More