Investment Opportunity

Offered for sale with tenants in place is this pair of flats located in Benwell. The ground floor flat briefly comprises of hallway, lounge, kitchen, two bedrooms and bathroom. To the first floor flat is entrance leading to first floor landing, lounge, kitchen, inner hallway, bathroom and three bedrooms. Externally there is a small paved area to the front and yard to the rear.

We have been advised that the ground floor rent currently achieves a rent of £525 per month, the tenancy commenced in April 2014, and the first floor achieves a rent of £650pcm, this is a 6 month assured short hold from 30th January 2024. We have not had sight of the tenancy agreements.

The property benefits from gas central heating and double glazing throughout.

Early viewing is recommended.

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.

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

MINING
It is not known if the property is situated on a coalfield.  It is also not known if the property has been directly impacted by the effect of other mining activity. The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any.

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 Advisor

Council Tax Band:  A
EPC Rating:  Ground Floor Flat – TBC, First Floor Flat – C