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INVESTEMENT OPPURTUNITY – First Floor flat to be sold with tenant in-situ currently paying £700pcm giving a gross yield of 9.88 % against the asking price.
Current tenants have been in since August 2024 and are on a 1 year fixed term. The flat is currently managed by Your Move Chris Stonock.
AGENTS NOTE - pictures are from July 2021 and should not be relied upon as a true reflection of its current condition.
The flat has a valid EPC until June 2031 at Grade C, Gas Safety Certificate until April 2025 and EICR expires out in July 2029.
Two bedroom first floor flat which benefits from off-street parking to the rear and an array of white goods that are included in the kitchen.
Comprises: spacious living room; modern galley-style kitchen including oven, hob, fridge-freezer, and washing machine; bathroom consisting of a three-piece suite with an electric shower over the bath; a double bedroom; and a single bedroom.
Externally, there is a rear yard that accommodates off-street parking.
We understand the flat falls into Council Tax Band A and is on a Tyneside Lease of 999 years from March 1999 leaving approx. 972 years remaining at the date of listing with no ground rent or service charges payable (Full details will be confirmed by solicitors)
MAKING AN OFFER:
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
QLF240426/2 Back to listing
Full details for 2 Bedroom Property For Sale in Gateshead
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Description
INVESTEMENT OPPURTUNITY – First Floor flat to be sold with tenant in-situ currently paying £700pcm giving a gross yield of 9.88 % against the asking price.
Current tenants have been in since August 2024 and are on a 1 year fixed term. The flat is currently managed by Your Move Chris Stonock.
AGENTS NOTE - pictures are from July 2021 and should not be relied upon as a true reflection of its current condition.
The flat has a valid EPC until June 2031 at Grade C, Gas Safety Certificate until April 2025 and EICR expires out in July 2029.
Two bedroom first floor flat which benefits from off-street parking to the rear and an array of white goods that are included in the kitchen.
Comprises: spacious living room; modern galley-style kitchen including oven, hob, fridge-freezer, and washing machine; bathroom consisting of a three-piece suite with an electric shower over the bath; a double bedroom; and a single bedroom.
Externally, there is a rear yard that accommodates off-street parking.
We understand the flat falls into Council Tax Band A and is on a Tyneside Lease of 999 years from March 1999 leaving approx. 972 years remaining at the date of listing with no ground rent or service charges payable (Full details will be confirmed by solicitors)
MAKING AN OFFER:
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
QLF240426/2 Back to listing
