An excellent opportunity to acquire a fully tenanted investment property, with longstanding tenants since October 2024. Generating an income of £1,200 PCM from October 2025, £14,400 annually! The flat benefits from a valid EPC until January 2034 and an EICR until September 2029, providing compliance and peace of mind. The apartment has an entrance hall with a large storage cupboard, an open-plan lounge/dining/kitchen fitted with integrated appliances including fridge/freezer, oven, microwave, electric hob and dishwasher. There are two double bedrooms, both featuring French doors opening onto Juliet balconies. The main bedroom includes an ensuite shower room, in addition to a separate main bathroom. Additional features include a secure telephone entry system and lift access to all floors. Externally, the property benefits from an allocated parking space along with ample visitor parking. Situated within the Ochre Yards development on the south bank of the River Tyne, the property is within easy walking distance of Newcastle city centre and the popular Quayside. Leasehold information: We understand the property is held on a 125-year lease from 1 January 2012 (approximately 110 years remaining). Ground rent is approximately £165 per annum, with a service charge of £2,508.40 per annum (£209.03 PCM). All details to be confirmed by solicitors. Tenure: FreeholdEPC 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.