*Guide | £550,000+ (plus fees)
- Block of Apartments
- 30 Bedrooms
- Tenure: Leasehold. Each flat is held on a 125 year lease from 2007 (thus approximately 114 years unexpired on all 19 flats).
Call the team on 020 7625 9007 for more information
A Residential Portfolio Investment Comprising a Parcel of Nineteen Self-Contained Flats (Three x 3 Bedroom Flats, Ten x 2 Bedroom Flats, Six x 1 Bedroom Flats). Part-Let Producing £77,760 per annum with an Estimated Rental Value of £82,500 per annum when Fully Let.
Tenure
Leasehold. Each flat is held on a 125 year lease from 2007 (thus approximately 114 years unexpired on all 19 flats).
Location
The flats are situated at the end of a residential cul-de-sac in the village of Hadston close to local shops and amenities. The open spaces of Druridge Bay Country Park are within easy reach. Transport links are provided by Acklington rail station which is approximately 3km away.
Tenancy
All of the flats are subject to Assured Shorthold Tenancies that are now holding over. The rents range from £350 - £430 pcm. There are no rent arrears.
Total Combined Current Rent Reserved £77,760 per annum. Flat 19 is vacant.
EPC Rating
B-C
Viewing Details
No internal access. Please contact us directly for more information: 0207 625 9007
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
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.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
