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1 bed Flat For Sale £420,000
David Road, Norton, Stockton-On-Tees TS20


Description
*business investment port folio*Potential Gross Yield 9%*50% Occupancy*2 Freehold blocks of 4 apartments* 8 x 1Bedroom apartments in total* Well presented* Convenient for amenities*

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

STO220081/8

Agents Note

0 x 0 - Attention business investors.

A fantastic buy to let opportunity offering 2, freehold blocks of 4,1 bedroom apartments. Based on achieving 95 per week this development offers a potential gross yield of 9% and an annual income of 39,520.

Each flat has its own independent access and enjoys wall mounted electric oiled filled heating system with electric immersion for hot water

To the ground floor the flats comprise of an entrance lobby through to the lounge which is flooded with natural light from the double glazed window.

A spacious inner hall leads to the kitchen which is fitted with a range of base and wall units, drawers and work surfaces together with sink tap and splash backs. There's also space for a range of appliances.

Moving through the accommodation the double bedroom is served by the bathroom which is finished with a white suite.

To the first floor, the flats are virtually identical in their layout to those on the ground floor with the (truncated)

Ground Floor Apartments

0 x 0

Entrance Lobby

0 x 0

Lounge

4.38 x 3.57

Inner Hall

0 x 0

Kitchen

2.56 x 2.54

Bedroom

3.6 x 2.72

Bathroom

0 x 0

First Floor Apartments

0 x 0

Entrance Lobby With Stiars To First Floor

0 x 0

First Floor Landing

0 x 0

Lounge

4.4 x 3.56

Kitchen

2.59 x 2.58

Bedroom

3.66 x 2.72

Bathroom

0 x 0

Floorplan

0 x 0

Buyers Note

0 x 0 - This business investment port folio cannot be purchased individually per apartment or separate blocks. The asking price of 210,000 represents one of two blocks of four apartments, eight apartments in total . The asking price for all eight apartments is 420,000

Follow the link for more information:
        
zoopla.co.uk

  
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