INVESTMENT OPPORTUNITY TO ACQUIRE A SUBSTANTIAL FREEHOLD MID TERRACE VICTORIAN HOUSE LOCATED ON THE EDGE OF THE CITY CENTRE IN AN ESTABLISHED AREA POPULAR WITH STUDENTS & TENANTS WITHIN A SHORT WALK OF PARK LANE METRO STATION AND CITY CENTRE. CURRENTLY USED AS THREE SELF-CONTAINED FLATS BUT PREVIOUSLY USED AS FOUR ... WITH THE ABILITY TO CONVERT BACK TO FOUR WE WOULD EXPECT THIS PROPERTY TO ACHIEVE AN ANTICIPATED REASONABLE ANNUAL RENTAL INCOME OF £14,000. The property has been well maintained generally and has the added valuable benefit of having had a new roof replacement in recent years. There is secure parking to the rear. All bathrooms and kitchens within the property are well presented. To the ground floor there are two self contained flats, (one one bedroom and one studio). Both of these are unoccupied. To the first floor there is a further studio flat (flat 3) which is occupied and currently generating £99pw rent and to the second floor there is a further one bedroom attic flat which is currently occupied by the tenant below on an informal basis. Potential investors may be able to consider the possibility of a full and formal conversion into four leasehold flats with shared entrance. Accompanied viewing arrangements can be made by contacting our local office.
Good Life House 46 Windsor Terrace
Tyne & Wear
Tel: 0191 firstname.lastname@example.org