SUPERB INVESTMENT OPPORTUNITY – FOUR SELF CONTAINED FLATS ON THE HIGH STREET IN FERRYHILL OFFERING LOTS OF POTENTIAL.

These four flats are being offered on the High Street, Ferryhill, as one lot. Holding no end of opportunity with one of the flats currently occupied, these flats could produce an amazing yield for any potential buyer. In need of some work but and I am sure that will not put you off once you see the huge opportunity ahead. Each flat is self contained and is well located on the main bus route into the main Town Centre and the larger surrounding Towns. This portfolio is being offered at a fantastic guide price with the current potential return sourced by the current managing agent is £12,550 annually and once works are complete this figure could be increased.

Tenure

See Legal Pack

.

FLAT 25A – Occupied and currently returning £3000 annually, one bedroom flat located on the first floor with separate access gained through a rear entrance. FLAT 25C – Vacant one bedroom ground floor flat comprising, lounge / kitchen area, separate bedroom and bathroom FLAT 24A – Vacant two bedroom first floor flat with access from the rear of the High Street, comprising in brief, kitchen, lounge, bathroom and two bedroom. FLAT 24C – Vacant one bedroom ground floor flat comprising, lounge / kitchen area, separate bedroom with access to the bathroom.

Viewing

BY APPOINTMENT

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Durham County Council

Solicitors

Meikles Solicitors - Ferryhill, 8 North Street, Ferryhill, DL17 8HX, Tel: 01740 652811

Additional Fees

Buyer's Premium - £3600 inc VAT payable on exchange of contracts.

Administration Charge - £900 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.