1 BED FLAT. INVESTMENT OPPORTUNITY 12.4% YIELD (NET OF MAINTENANCE CHARGES!) CURRENTLY LET ON AST TO EXCELLENT LONG TERM TENANT WITH POSSIBILITY TO CONTINUE EXISTING MANAGEMENT ARRANGEMENTS ON A DISCOUNTED BASIS IF REQUIRED. The flat is situated within a well maintained block just off the Washington Highway A1231 perfectly and centrally located for commuting throughout the north east. With valid EPC and Gas Safety Certificate, the property is currently let to an excellent long term tenant and monthly rent of £325 per calendar month is paid by standing order. Annual maintenance charges of approximately £840 are payable by the landlord which covers block/building insurance and building maintenance and repairs. Briefly comprising; Electronic secured gated entrance, on street parking, stairs to flat entrance, entrance hall, fitted kitchen, bathroom, lounge, bedroom. The lease is 125 years less 3 days 1/4/1986. A rental inventory exists with more details on which contents and appliances are included in the property and can be made available from the office on request. Viewing arrangements can be made by prior appointment by contacting the office.
Good Life House 46 Windsor Terrace
Tyne & Wear
Tel: 0191 email@example.com