Commercial Property for sale

17 Fourth Avenue, Heaton

£210,000

Property Description

Full description

Tenure: Freehold

LOCATION
The property is located in the Heaton area of Newcastle upon Tyne approximately 2 miles east 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. Newcastle and Northumbria Universities both enjoy international recognition and attract in excess of 55,000 students from both the UK and abroad.

The City also enjoys good transport links. Newcastle Central Station is a major transport hub on the East Coast mainline railway. Newcastle International Airport is located around 6 miles north west of the City centre.

Heaton is a popular suburb of the City and offers a wide range of amenities on both Heaton Road and Chillingham Road including local and national shops, restaurants, public houses and coffee shops as well as banks and a post office. The area is popular with families, young professionals and students and enjoys access to Newcastle City centre via bus, road and metro links.

The property is also close to Chillingham Road Metro Station and further retail facilities on nearby Shields Road.

DESCRIPTION
The subject property comprises a six bedroom maisonette of brick construction under a predominantly mock slate covered pitched roof.

It benefits from the following:

Six letting bedrooms
Flat screen TV´s and furniture to all bedrooms
Bathroom, shower room and separate w.c.
Gas fired central heating system
Open plan L-shaped kitchen/dining/living room
Modern kitchen with integral oven, hob, fridge freezer, fridge, dishwasher and washing machine
Enclosed yard to the rear

The property is a licensed HMO and presented to a good standard.

ACCOMMODATION
There are Six letting bedrooms

The property is let on an inclusive basis until 31 August 2019 at a rent of £25,537.20. After deduction of utility bills, the net rent is around £21,937.20.
The tenancy is also secured with a bond and parental guarantees.
The property has always enjoyed a high level of tenant retention and been fully let for many years.

TERMS
We are instructed to seek offers of £210,000 subject to contract, for our clients´ interest in the property, subject to the existing tenancy. A sale at the asking price would equate to a gross yield of 10.45% based on the net rent of £21,937.20 per annum.

VAT
No VAT

OTHER
The property has an EPC rating of C-78. A copy of the EPC is available on request.

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

Telephone 0191 2610300


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Chillingham Road (0.4 mi)
  • Byker (0.5 mi)
  • Walkergate (0.8 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

  • Chillingham Road (0.4 mi)
  • Byker (0.5 mi)
  • Walkergate (0.8 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 100897006315. 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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