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33 bedroom block of apartments for sale

Hunters Road, Spital Tongues, NE2

Sold STC £1,600,000

Property Description

Key features

  • Investment Property
  • 131,992pa (annualised) Income
  • 8.2% Gross Yield
  • Fully Tenanted to Summer 2017
  • Block of Six Apartments
  • 1 no. 2 Bedroom
  • 1 no. 5 Bedroom
  • 2 no. 6 Bedroom
  • 2 no. 7 Bedroom
  • Roof Terrace

Full description

INVESTMENT OPPORTUNITY // BLOCK OF APARTMENTS // 33 BEDROOMS IN TOTAL OVER SIX APARTMENTS // FULLY LET UNTIL SUMMER 2017

Huntsmoor House, Spital Tongues - Fully tenanted block of six apartments on Hunters Road producing £131,992.71 (8.2% gross yield). Benefitting from secondary glazing, laundry rooms to three apartments, roof terrace and secure basement parking for up to 6 cars. A live Tenancy Schedule is available for the 2017-18 tenancies.

Location - Located on Hunters Road, Huntsmoor House was originally built in 1899 as a soldiers' home and has also been used as a pressing factory for tailored garments and a warehouse for bookseller Thomes before being converted to student accommodation. The property is ideally located close to Newcastle University's Dental & Medical schools as well as the Royal Victoria Infirmary, Leazes Park and Hunters Moor.

Main Entrance & Hallway - A communal entrance with intercom system and stairwell to the above floors with wood frame single glaze window, pendant light fitting, emergency lighting and carpet.

Flat One - Ground floor flat briefly comprising a lounge, kitchen with gloss cream base wall and base units, six double bedrooms, bathroom and shower room.

Flat Two - Ground floor flat briefly comprising a lounge, kitchen with gloss cream wall and base units, five double bedrooms, bathroom and shower room.

Flat Three - First floor flat briefly comprising an open plan lounge/diner, kitchen with gloss cream wall and base units, seven double bedrooms, bathroom and shower room. We have been advised that this unit has been pre-let for the 2017-18 academic year with an increased rent.

Flat Four - First floor flat briefly comprising a lounge, kitchen with gloss cream wall and base units, six double bedrooms, bathroom and shower room.

Flat Five - Third floor apartment briefly comprising an open plan lounge/diner, kitchen with gloss cream wall and base units, seven double bedrooms, bathroom, shower room and laundry room.

Flat Six - Ground floor apartment briefly comprising an open plan lounge/kitchen with gloss cream wall and base units, two double bedrooms and bathroom.

External - Externally there is a roof terrace and six undercroft garages to the rear.

Epc Ratings C-E -

Agents Note - We are required under the Estate Agent Act 1979 and Provision of Information Regulations 1991, to point out that the client we are acting for on the sale of this property is a " Connected Person" as defined by the Act.

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More information from this agent

Listing History

Added on Rightmove:
08 February 2016

Map & Street View

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