1 bedroom property for sale
Key information
Features and description
- Tenure: Leasehold
- 3 x Self Contained 1-Bed Apartments
- Tenanted at £19,800 per annum
- City Centre Location
- Grade II Listed
- Leasehold 999 yrs
- 8.75% Return
The three residential apartments are each let at a rent of £550 per calendar month which equates to £19,800 per annum. A sale at the purchase price would reflect a Net Initial Yield of 8.75%.
Rooms
Location
The subject property is situated within Clayton Street, Newcastle upon Tyne, located within the main leisure district of the city centre. Clayton Street is an established retail street stretching from Greys Monument south to Westgate Road. Clayton Street is an established shopping location within the city centre with a number of household retailers encouraging high levels of footfall and passing trade.
Accommodation
FIRST FLOOR:
Lounge/kitchen
Bedroom
Bathroom
SECOND FLOOR:
Lounge/kitchen
Bedroom
Bathroom
THIRD FLOOR:
Lounge/kitchen
Bedroom
Bathroom
Lease Details
We have been advised the property is fully tenanted achieving an annual income of approximately £19,800 (£550 per calendar month) on tenancies ending on August/September 2023.
EPC
Available upon request (rating G).
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