This flat is in a prime location near the Newcastle Quayside and will always have strong demand from professional tenants. This is a great armchair investment offering a good long-term rental return.
1 bedroom ground floor flat plus parking.
Market value £100,000 +
Lease - 125 years from 1 January 2006. 110 years remaining.
Service charge £2000 per year.
Ground rent £100 per year.
Currently let at £695 month.
Net Yield 7.2%
Buyers Premium payable