1 bedroom apartment for saleLove Lane, Quayside, NE1
Sold STC £112,500
- INVESTMENT PROPERTY
- £7,058.47 Annual Income
- 6.2% Gross Yield
- Tenanted until Sept 2016
- Pre-let to Sept 2017
- £7,140 Annual Income 16-17
- 6.3% Gross Yield 16-17
- Fourth Floor Apartment
- One Double Bedroom
- Juliet Balcony
Full descriptionINVESTMENT OPPORUNITY // QUAYSIDE APARTMENT WITH JULIET BALCONY // ALLOCATED SECURE PARKING SPACE // PRE-LET TO SEPTEMBER 2017
Love Lane, Quayside - One bedroom, fourth floor Quayside apartment with telephone entry system, lift access and allocated secure parking space. The property has the benefit of a Juliet balcony, gas central heating and is tenanted until September 2016 producing an annual income of £7,058.47 and a 6.2% gross yield.
Location - Love Lane is a former warehouse building on Newcastles vibrant Quayside, which was converted into apartments. The development is located adjacent to the Law Courts building and within striking distance of the Gateshead Millennium Bridge, BALTIC Centre for Contemporary Art and Newcastle City Centre.
Entrance & Hallway - The property is accessed via a communal entrance with secure telephone entry system, with stair and lift access. The property is located on Level Four, where a private entrance door leads to the main hallway. From the main hallway the lounge, bedroom and bathroom are accessed. The kitchen is accessed through the lounge.
Lounge - 3.96m x 5.23m (13'0" x 17'2") - The lounge is located to the rear of the development, with two timber double glazed windows and French doors to the Juliet balcony. The room also benefits from coving, double panel radiator, pendant light fitting, smoke detector and wood flooring.
Kitchen - 1.92m x 2.16m (6'4" x 7'1") - The kitchen is located to the centre of the apartment, accessed through the lounge. The room benefits from timber double glazed window with Quayside views, fitted white matt wall and base units, tiled splashback, is plumbed for an automatic washing machine and has an integrated gas hob with electric oven. There is also coving, a wall mounted central heating boiler, chrome effect light fitting and wood flooring.
Bedroom - 2.62m x 4.04m (8'7" x 13'3") - The bedroom is located to the side elevation of the building with timber double glazed window, coving, double panel radiator, pendant light fitting and carpet flooring.
Bathroom - 1.68m x 1.90m (5'6" x 6'3") - The bathroom is located to the centre of the property with panelled bath, mixer tap, hand wash basin with vanity unit and WC. There is a heated towel rail, extractor fan, bayonet light fitting, tiled walls and vinyl flooring.
External - Externally there is an allocated parking space to the front of the property.
Epc Rating C -
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