Investment Opportunity

Available for sale with the tenants in place is this pair of flats located in Benwell. The accommodation to the ground floor flat briefly comprises of hallway, lounge, kitchen, two bedrooms and bathroom. To the first floor flat is an entrance with stairs leading to first floor landing, lounge, kitchen, three bedrooms, rear hallway and bathroom. Both flats have access to a shared rear yard.

The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69.

Early viewing is recommended.

Council Tax Band: A for each flat
EPC Rating: Ground Floor Flat – D, First Floor Flat – C

PRIMARY SERVICES SUPPLY
Electricity:  Mains 
Water:  Mains  
Sewerage:  Mains  
Heating:  Gas 
Broadband:  Fibre  
Mobile Signal Coverage Blackspot:  No 
Parking:  On Street Parking 

The property benefits from double glazing throughout.

MINING 
The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.  Confirmation should be sought from a conveyancer as to its effect on the property, if any. 

RESTRICTIONS AND RIGHTS
Listed? No
Conservation Area? No 
Restrictions on property? No
Easements, servitudes or wayleaves? No
Public rights of way through the property? No

RISKS
Flooding in last 5 years: No  
Risk of Flooding: Zone 1 
Any flood defences at the property: No
Coastal Erosion Risk: Low 
Known safety risks at property (asbestos etc…): No

BUILDING WORKS
Any known planning permissions or proposals in the immediate locality:  No 
Outstanding building works at the property:  No

ACCESSIBILITY
This property has no accessibility adaptations.

TENURE
It is understood that this property is freehold, but should you decide to proceed with the purchase of this property, the Tenure must be verified by your Legal Adviser.

CURRENT RENTAL INFORMATION
The landlord has advised us that the ground floor flat currently achieves £490 pcm, and the first floor flat currently achieves £760 pcm, giving a total of £1,250pcm/£15,000 per year.  Rook Matthews Sayer have not had sight of the tenancy agreements.