Park Place, Blackhill
![Harrington Brown Property Ltd, Shotley Bridge](https://media.rightmove.co.uk/20k/19254/branch_logo_19254_0000.jpeg)
- PROPERTY TYPE
Apartment
- BEDROOMS
10
- BATHROOMS
10
- SIZE
Ask agent
Key features
- Block of 14 Apartments
- Ownership Of Site Freehold
- Private parking
- No Chain
- Buy to Let Investment
- Close to amenities
Description
Upon purchase, you would own every apartment within the block, in addition to the site freehold. You do not want to miss this opportunity!
Park Place is an apartment block situated in the heart of Blackhill, walking distance from Blackhill & Consett Park and offers a variety of local amenities all on the doorstep, such as local shops, supermarkets, takeaways & gym. The area has great transport links to Durham and Newcastle.
The imposing Victorian building which was built in 1876, was designed by Richard Murray, and then redeveloped in 2006.
They offer 14, 1 and 2-bedroom, apartments on the doorstep of the Derwent Valley.
The apartments are bright and spacious with high ceilings and as standard offer a beautiful finish.
The properties include modern Birchwood range kitchens featuring integrated appliances. Bathrooms were updated with practical Alto range bathroom suites and ceramic tiling. All apartments without an en suite have an over-bath shower.
Externally the property is accessed via electric gates and has private parking for residents.
The properties available are as follows:
No.1, is a large 2 bedroom penthouse with an en-suite at approximately 950 square foot.
No.2,is a large 2 bedroom penthouse at approximately 860 square foot.
No.3, 7 and 11, are 2 bedroom apartments with en-suites at approximately 800 square foot.
No.4, 8 and 12, are 2 bedroom apartments with en-suites at approximately 750 square foot.
No.5, 9 and 14, are 2 bedroom open-plan apartments at approximately 700 square foot.
No.6, 10 and 15, are 1 bedroom apartments at approximately 650 square foot.
We believe an average rent of £575.00 PCM would be achievable, meaning that you could look to bring in £96.6K annually in rent.
All of the properties are currently tenanted and would be sold with the tenants in situ.
Please also note that upon the purchase of the property, you would also own the freehold for the site.
Harrington Brown has not had sight of all of the tenancy agreements to confirm each individual tenancy details however have been informed that all of the properties are currently tenanted, with the majority of the tenancies on a contractual periodic (rolling) tenancy with the exception of two properties, which are on fixed Assured Shorthold Tenancies until April and May 2024.
Viewings are to be arranged with Harrington Brown. Please call the office today to schedule your appointment to view or for any further email.
(Please note that we are instructed by multiple vendors in this transaction, and each unit is under it's own title, therefore will entail 14 separate transactions)
Council Tax Band: A
Tenure: Leasehold (83 years)
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Park Place, Blackhill
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stocksfield Station6.8 miles
About the agent
Our small team are dedicated to offering the very highest level of service in the Property Sales & Letting market with focus on first class customer experience and satisfaction.
Selling or buying a home is one of the most important decisions you make, Harrington Brown is here to guide you through the process step by step and make it as stress free as possible for you.
Our small team are dedicated to offering the very highest level of service in the Property Sales & Letting market
Industry affiliations
![Property Redress Scheme](https://media.rightmove.co.uk/dir/customer/industry-affiliation/property-redress-scheme_max_135x100.png)
![National Association of Estate Agents](https://media.rightmove.co.uk/dir/customer/industry-affiliation/national-association-of-estate-agents_max_135x100.png)
Notes
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Visit our security centre to find out moreDisclaimer - Property reference RS0625. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Harrington Brown Property Ltd, Shotley Bridge. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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