Residential portfolio for sale

Located in the heart of Courtyard Beasley Avenue on London Road in Newcastle Under Lyme, this unique property offers a fantastic investment opportunity. Situated in a superb location, this part block of apartments is for sale under auction terms and conditions.

The property consists of a range of apartments, including one-bed, two-bed, and three-bed options. Each apartment boasts key features such as alarms, central heating, double glazing, ample secure parking, and white goods, making them highly desirable for tenants.

The lease details are attractive, with each property held under a lease for 125 years from January 2006, with 106 years unexpired. The apartments also have a strong rental income potential, with a total annualised rent roll per annum of £46,140. Furthermore, the management company, Courtyard Apartments Management Ltd, is included in the sale, offering an opportunity to charge service charges from 2025 and benefit from ground rents of £250 per apartment.

The Courtyard Beasley Avenue area is renowned for its convenient location and offers easy access to local amenities, schools, and public transportation. Nearby points of interests include parks, shops, cafes, and restaurants, providing residents with a vibrant and desirable living environment.

Don't miss out on this fantastic investment opportunity! Contact us today to arrange a viewing of this prime property in Newcastle Under Lyme.

BUYER’S PREMIUM

Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.

When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.