2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (101 years remaining)
- Investment Opportunity
- Third Floor Apartment
- Two Bedrooms
- Tenanted until August 2025
- £14,400pa Rental Income
- 8.2% Gross Return
- Master bedroom with en-suite
- Parking Space Included
- Council Tax Band D
- EPC Rating C
Presenting an incredible investment opportunity in the highly sought-after City Gate apartment block, situated just off St James Boulevard. This property is perfectly positioned for easy access to City Centre amenities, Chinatown, Universities, and Central Train Station. Currently tenanted until August 2025, it achieves a rental income of £1,200pcm!
Boasting an open plan lounge & kitchen with integrated appliances and breakfast bar, large storage cupboard to the hallway , two bedrooms with ensuite shower room to the master and a family bathroom with shower over bath.
There is a parking space included with the property.
Service Charge: £4088.56 approx.
Ground Rent: £75pa
Remaining on Lease: 102 years
Places of interest
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Property reference S_10218891. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Everbest Properties - Newcastle Upon Tyne.
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Broadband availability and predicted speed: obtained from Ofcom on January 5, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on March 18, 2020 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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