PRICE: £225000 Leasehold subject to contract NET
MODERN RESIDENTIAL INVESTMENT PROPERTY COMPRISING 8 X 1 BEDROOM SELF CONTAINED FLATS No’s: 1, 2, 3, 4, 5, 10, 12, 14. Riversdale House, Choppington, Stakeford, Near Newcastle upon Tyne, NE62 5LG
CV21 3EZ
PRICE: £225,000 Leasehold subject to contract NET INCOME: £27,100 p.a. showing a gross yield of 12.00%. Regulated by RICS 62 Regent Street, Rugby, Warwickshire, CV21 2PS Tel: 01788 554455 Fax: 01788 541187 Email: [email protected] Website: www.georgeandcompany.co.uk George and Company (Surveyors) Limited. Registered in England No. 7132697
Location
Property Monthly Yearly No rent Rent 1 303 3636 2 303 3636 3 303 3636 4 303 3636 5 303 3636 10 303 3636 12 209.99 2519.88 14 303 3636 TOTAL 2330.99 27971.88
The property is located on Riverside Drive which leads off Stakeford Lane (A196), approximately 1 mile from Stakeford, close to Ashington and Morpeth and only 10 miles from Newcastle upon Tyne. Choppington has a population of about 10,000, is a commuter town for local centres and is conveniently situated for the major road network including the A1M. Description The property comprises 8 x 1 bedroom flats within a popular and modern development of 30 similar units in 2 x three storey blocks, in soft landscaped grounds.
Price £225,000 subject to contract VAT
The flats have recently refurbished accommodation and PVC double glazed units. Typical accommodation comprises as follows: Entrance vestibule, Bathroom, Living/kitchen – 2.79m x 5.51m (9’2” x 18’ 1”), Bedroom – 2.25m x 3.61m (7’4” x 11’10”) or Entrance vestibule, Bathroom, Kitchen – 1.86m x 2.15m (6’1” x 7’1”), Living room – 2.79m x 3.36m (9’2” x 11’0”), Bedroom – 2.26m x 3.59m (7’5” x 11’9”)
All prices are quoted exclusive of VAT where chargeable. Viewing Strictly and only by prior arrangement through the sole agents: George and Company 62 Regent Street Rugby Warwickshire CV21 2PS
Tenure Each flat is held on a 99 year lease from 01.12.1989 at a ground rent of £100 p.a, rising to £200 at the 33rd year and £300 in the 66th year. Each flat is liable for 1/30th of communal expenses. A copy lease can be provided on request. Tenancies The properties are fully let on unfurnished assured shorthold tenancies and produce a total gross rent of £27,971.88 per annum. A schedule of tenancies is as follows.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
CV21 3EZ
PRICE: £225,000 Leasehold subject to contract NET INCOME: £27,100 p.a. showing a gross yield of 12.00%. Regulated by RICS 62 Regent Street, Rugby, Warwickshire, CV21 2PS Tel: 01788 554455 Fax: 01788 541187 Email: [email protected] Website: www.georgeandcompany.co.uk George and Company (Surveyors) Limited. Registered in England No. 7132697
Location
Property Monthly Yearly No rent Rent 1 303 3636 2 303 3636 3 303 3636 4 303 3636 5 303 3636 10 303 3636 12 209.99 2519.88 14 303 3636 TOTAL 2330.99 27971.88
The property is located on Riverside Drive which leads off Stakeford Lane (A196), approximately 1 mile from Stakeford, close to Ashington and Morpeth and only 10 miles from Newcastle upon Tyne. Choppington has a population of about 10,000, is a commuter town for local centres and is conveniently situated for the major road network including the A1M. Description The property comprises 8 x 1 bedroom flats within a popular and modern development of 30 similar units in 2 x three storey blocks, in soft landscaped grounds.
Price £225,000 subject to contract VAT
The flats have recently refurbished accommodation and PVC double glazed units. Typical accommodation comprises as follows: Entrance vestibule, Bathroom, Living/kitchen – 2.79m x 5.51m (9’2” x 18’ 1”), Bedroom – 2.25m x 3.61m (7’4” x 11’10”) or Entrance vestibule, Bathroom, Kitchen – 1.86m x 2.15m (6’1” x 7’1”), Living room – 2.79m x 3.36m (9’2” x 11’0”), Bedroom – 2.26m x 3.59m (7’5” x 11’9”)
All prices are quoted exclusive of VAT where chargeable. Viewing Strictly and only by prior arrangement through the sole agents: George and Company 62 Regent Street Rugby Warwickshire CV21 2PS
Tenure Each flat is held on a 99 year lease from 01.12.1989 at a ground rent of £100 p.a, rising to £200 at the 33rd year and £300 in the 66th year. Each flat is liable for 1/30th of communal expenses. A copy lease can be provided on request. Tenancies The properties are fully let on unfurnished assured shorthold tenancies and produce a total gross rent of £27,971.88 per annum. A schedule of tenancies is as follows.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
