Ideal Hands Off Investment – Newcastle Quayside Sold

$88,000
1 beds
1 baths

Sold

This flat is in a prime location near the Newcastle Quayside and will always have strong demand from professional tenants. This is a great armchair investment offering a good long-term rental return.

1 bedroom ground floor flat plus parking.
Market value £100,000 +
Lease – 125 years from 1 January 2006. 110 years remaining.
Service charge £2000 per year.
Ground rent £100 per year.
Currently let at £695 month.
Net Yield 7.2%
Buyers Premium payable

Price:: $88,000
Address:: 51, Lime Square, City Road
Newcastle NE1 2BN
Bedrooms:: 1
Bathrooms:: 1

Terms:: For Sale
Property Type:: Apartment

Call 0191 369 2069 for more details

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“Very grateful for your reliable services”

Following the recent completion for the property purchase, myself and Eunice are very grateful for your reliable services. Your support, willingness to help attitude including clear guidelines and guidance is a testimony to how trustworthy your services has been to us. We look forward to working with you in future.

Joseph and Eunice

“Everything went through smoothly without any hitches”

Sarah Campbell

“..North East Properties were fantastic from start to finish with my HMO purchase.”

North East Properties were fantastic from start to finish with my HMO purchase. Always available to answer my many queries regarding the property & helping to get the deal over the line by liaising with both sets of solicitors during the legal process. Will definitely be using their services in the future, as the property deals they bring to the market are excellent value for money. Cannot say thank you enough.

Steve