Located in the desirable coastal town of Seaton Delaval, this one bedroom flat with a separate garage presents an excellent opportunity for investors seeking a ready made, income producing asset. The accommodation comprises a lounge, kitchen, one bedroom and bathroom with French doors leading to the balcony. The property s conveniently positioned close to a variety of local amenities, public transport links, shops and leisure facilities – making it highly appealing to tenants. In addition to the flat, the sale also includes a garage which is let separately, providing an additional source of income. At present, the flat generates a rental income of £325 per calendar month. The garage, which is currently vacant, previously achieved £60 per calendar month. Once re-let, the combined annual gross income has the potential to reach £4,620. The flat is let on a rolling tenancy agreement. Tenure: LeaseholdEPC Rating: C

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Services

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

Additional Fees

Administration Charge - £3600 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.