2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold
- Two bedroom apartment
- Convenient location
- Immaculate condition
- Holiday let with Hexham Holiday Homes
- Fully furnished
- Open plan kitchen diner
- Outside courtyard
- Energy efficiency rating D (56)
An immaculate two bedroom ground floor holiday let apartment with outside courtyard situated in a convenient location in Hexham. This property is being sold with restrictions that it must remain a holiday let in contract with Hexham Holiday Homes.
The property comprises of entrance hall, with a door leading to one of the double bedrooms. A door then leads through to an immaculate open plan kitchen diner /lounge. The kitchen is fitted with a range of stylish gloss wall and base units with complimentary work surfaces and integral appliances including microwave, oven and gas hob with extractor hood along with washing machine and fridge freezer. The lounge has feature fireplace with wood burning stove. Off the lounge is the second double bedroom. The stylish bathroom is fitted with walk in shower, wash hand basin and WC.
Externally the property benefits from a gravelled patio to the rear.
Kingsgate Terrace is located in the desirable West End of Hexham, within walking distance of all the facilities and amenities the town has to offer. The property is well placed for the excellent schools in Hexham. The thriving market town of Hexham was voted the happiest place to live in Great Britain by ( ... )'s annual Happy at Home index in 2019 and 2021. The streets of Hexham are home to many independent businesses, from delicatessens and greengrocers through to sport and arts centres.
Despite being surrounded by the tranquil Tyne Valley countryside, Hexham is within excellent road and rail distance of Newcastle, Carlisle and beyond; making it the perfect location for those that enjoy both country and metropolitan pursuits.
Rooms
AGENCY NOTES
The property is being sold with the terms and conditions that it is tied into the Hexham Holiday Homes management contract which is for 5 years with an option to 'get out' after 3 years if the property is not earning the owner at least a 5.5% return on their investment (purchase value), based on the previous 12 months to the date they would like to 'get out'.
Based on 2022 figures the owner will receive at least 7% return on their investment based on the purchase price of £185,000.
The management contract would ensure Hexham Holiday Homes takes control of the property including guest communication, handling payments, linen and cleaning. Hexham Holiday Homes can also assist with the maintenance service but this is not included in the contract.
The investment is a great opportunity for a buyer to gain an income without the hassle of managing it, the property was fully renovated in 2019 and has been maintained to a high standard ever since it has a turnover of £28,000 (truncated)
SERVICES
Mains gas, electricity, water and drainage are connected. Gas fired central heating to radiators also supplying the domestic hot water.
CHARGES
Council tax or business rates are not valid on this property providing it is the owners sole business premise.
FREE MARKET APPRIASAL
We would be pleased to provide professional, unbiased advice on the current value and marketing of your existing home.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference HEX220321. 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 Youngs RPS - Hexham.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 17, 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:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 17, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
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 November 7, 2014 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.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.