4 bedroom property for saleCartington Tce/Chillingham Rd, Heaton, NE6
Sold STC £330,000
- MIXED USE BUILDING
- £29,181 Annual Income
- 8.8% Gross Yield
- Residential Let until 2017
- Commercial Lease to 2040
- Four Bedroom Maisonette
- Ground Floor Commercial Unit
- Prominent Location
- Private Yards
- UPVC Windows to Front
**EXCEPT FROM THE 3% STAMP DUTY LAND TAX BROUGHT INTO FORCE 1ST APRIL 2016**
INVESTMENT PORTFOLIO! // HIGH STREET LOCATION // RESIDENTIAL LET TO SUMMER 2017 // COMMERICIAL LEASE TO 2040
Mixed Heaton Pair - Excellent opportunity to purchase an investment portfolio comprising a ground floor commercial unit on Chilllingham Road and a four bedroom maisonette on Cartington Terrace. The maisonette is currently tenanted until July 2017 with a rent of £62 per person per week. The commercial unit has lease to 2040 and produces £16,250pa. This income provides the property with a 8.8% gross yield. Each unit benefits from a private rear yard.
Location - The property is located in a popular area of Heaton providing access to a wide range of local shops and amenities, Heaton Sports Ground and transport links, including Chillingham Road Metro, to Newcastle City Centre and both Universities.
Cartington Terrace -
Entrance & Hallway - There is a private entrance door leading to a hallway comprising carpet flooring, stairs to the first floor and exit to the private yard.
The stairway leads to the first floor landing where the lounge, kitchen, bathroom, WC and first bedroom are accessed. A further stairway leads to the second floor and three further bedrooms.
Lounge - 4.08m x 2.94m (13'5" x 9'8") - The lounge is situated to the front of the property and benefits from coving to the ceiling and an LCD TV. The room also comprises uPVC double glazed bay window, thermostat, central heating radiator, pendant light fitting and laminate flooring.
Kitchen - 3.82m x 2.94m (12'6" x 9'8") - The kitchen overlooks the rear yard comprising timber framed single glazed window, fitted wall and base units, tiled splash back, integrated dishwasher and washer dryer. There is an electric oven and hob, sink and drainer, double central heating radiator, light fitting and tiled flooring.
Bedroom One - 3.07m x 2.73m (10'1" x 8'11") - The first double bedroom is situated to the front comprising front facing uPVC double glazed window, double central heating radiator, pendant light fitting, smoke detector and carpet flooring.
Bedroom Two - 2.25m x 4.43m (7'5" x 14'6") - A double bedroom situated to the rear of the attic comprising single glazed rear facing window, double central heating radiator, pendant light fitting and carpet flooring.
Bedroom Three - 3.57m x 2.58m (11'9" x 8'6") - A double bedroom is situated to the front of the attic comprising Velux window, double central heating radiator, pendant light fitting and carpet flooring.
Bedroom Four - 4.66m x 3.17m (15'3" x 10'5") - A double bedroom situated to the front of the attic comprising uPVC front facing window, double central heating radiator, pendant light fitting and carpet flooring.
Bathroom - Situated on the first floor comprising timber framed single glazed frosted window, electric shower over panelled bath, pedestal hand wash basin, WC. There is also a heated towel rail, light fitting, part tiled walls and tiled flooring.
W/C - Situated on the first floor comprising timber framed single glazed frosted window, WC, pendant light fitting and tiled flooring.
External - Externally there is a private rear yard and on street parking available.
Epc Ratings C/F -
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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