Investment Opportunity

Available for sale is this pair of flats located in Fenham.

The flats are being sold as a going concern, with all fixtures, fittings and appliances included in the sale.

Each flat has their own entrance. The accommodation to the ground floor flat briefly comprises of lounge, kitchen, two bedrooms and bathroom. To the first floor flat is an entrance with stairs leading to first floor landing, lounge, kitchen, two bedrooms and bathroom.

We have been advised by the owner that the properties are being sold with the tenants in place, both properties have rental agreements until 2026 at a rent for each property of £840pcm. Both of the flats are fully licensed.

The properties are situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69. They are also within ideal distance of the local colleges and universities.

Early viewing is recommended.

Council Tax Band: A for each flat
EPC Rating: C for each flat

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.