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