Commercial Property for sale

Residential Investment Portfolio, West Denton

Offers in Region of £700,000

Property Description

Full description

Tenure: Freehold

LOCATION
The properties are located in the West Denton area of Newcastle upon Tyne approximately 4 miles west of the City centre.
Newcastle upon Tyne is the commercial and administrative capital of the North East of England with a population of approximately 280,000 (Census 2011) and a total of around 1.1m people across the wider Tyneside area.
Newcastle is the largest retailing, leisure and office centre in the North East and is also home to two leading Universities which both enjoy international recognition and attract students from both the UK and abroad.

DESCRIPTION
The properties are situated in a popular residential area close to the A1 Trunk road and with good public transport links into the City centre. There are good amenities available locally including a Morrisons supermarket.

ACCOMMODATION
The subject properties are all located within close proximity of each other in the West Denton area of the City and comprise a mix of three and four bedroom houses and one two bedroom flat. All of the houses are held on a freehold basis.

TERMS
All of the properties are currently privately let at a passing rent of £62,760 per annum. All of the properties are let to private individuals on Assured Shorthold Tenancies and many have been long term tenants.
We are instructed to seek offers of £700,000, subject to contract, for our clients´ interest in the properties.

A sale at the asking price would equate to a current gross yield of 8.97% before costs.

A sale at the asking price would also equate to an average price of £70,000 per property.

VIEWING
Viewing is strictly by appointment with YoungsRPS, sole agents: ref: Michael Blake or Paul Fairlamb.

Telephone 0191 2610300
e-mail: newcastle@youngsrps.com


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Bank Foot (1.4 mi)
  • Kingston Park (1.5 mi)
  • Blaydon (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Youngs RPS Limited, Newcastle

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0061 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bank Foot (1.4 mi)
  • Kingston Park (1.5 mi)
  • Blaydon (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Youngs RPS Limited, Newcastle

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0061 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100897006175. 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 Youngs RPS Limited, Newcastle. 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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