MapStudio for sale
Key information
Features and description
- Tenure: Leasehold (42 years remaining)
- Excellent Investment Purchase
- Tenanted with a Yield of 11%
- Studio Apartment
- On Street/Residents parking
- Fabulous tenant in residence
- Quiet Location within popular estate
- Double Glazing
- Fitted Bathroom
- Fitted Kitchen
- Communal Gardens
This fabulous studio flat is located on the ground floor within a communal block of four, tucked away neatly in the corner of this quiet estate.
Perfect property for those wanting a compact simple living space within ease of walking distance to local shops, amenities and schools. This ideal property is also within a few minutes walk to local bus routes into Newcastle City Centre.
Currently tenanted at £375.00 per month with a yield of over 11%
Ideally the tenant would like to remain and comes with glowing references. An investor will inherit a superb tenant having previously been installed and currently managed by Wilson Defraine Lettings.
Council Tax Band: A (Newcastle City Council)
Tenure: Leasehold (42 years)
Ground Rent: £50 per year
Service Charge: £65 per month
Awaiting info
Rooms
Lounge
Communal entrance via timber door into lobby.
4.26m x 2.6m
Internal painted timber door leading directly into studio flat.
Lounge/bedroom with highly polish wood effect laminate to floors which flows throughout the entire property, neutral decor to walls, large window overlooking front elevation, built in storage with pull down concealed bed, 2 x sofas, 2 x pendant light fittings, wall mounted electric fire, television bracket and doorway through to kitchen area.
Kitchen
1.97m x 1.70m
A small but well packed kitchen with a range of handleless cream gloss wall and base units, stainless steel single sink and drainer with mixer tap, double glazed window with full-size opener overlooking communal gardens. Pendant light fitting to ceiling, electricity consumer unit, space for vertical fridge freezer and washing machine, freestanding electric cooker and oak effect polished laminate to floor.
Bathroom
Bathroom is accessed though a small dressing/storage area off lounge/bedroom providing space for drawers, additional storage with hanging available for clothes and other items.
1.97m x 1.38m
Secondary door into bathroom deceptivley generous in size with 3 piece white suite, low level WC, sink with pedestal, bath with shower above and bifold screen to side, hygienic black grain wood effect cladding to walls and hygienic cladding to ceiling, mechanical ventilation and recessed light fitting. Double glazed window to rear elevation and modern vinyl to floors.
Garden
Property is accessed by paved pathway separated by lawned gardens which continue around the perimeter of the site offering an abundance of outdoor space.
Parking
Off street parking is available located in a bay to the front of the property.
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