Hartley Gardens, Seaton Delaval

FOR SALE - Residential Investment located in Seaton Delaval. 10 Self Contained Apartments with a Passing Rent of £75,000 per annum.

Location - The property is located in Seaton Delaval which is a village in south east Northumberland lying approximately 3 miles to the north east of Whitley Bay. This is an established residential area with a good level of local facilities and amenities including the newly developed Seaton Delaval railway station which provides direct access into Newcastle City Centre.

The property is positioned on Park Road which runs off Avenue Road, one of the main arterial routes running through the village.

Description - The property comprises a two-storey converted former Care Home which provides 10 self-contained apartments with associated car parking.

Services - We understand that all mains services are connected to the property
(All interested parties should satisfy themselves with the local service providers)

Tenure - Freehold

Rental Income - The property is fully let. The total passing rent is £75,000 pa. The estimated rental value is in the region of £81,000 pa.

Asking Price - £1,200,000

Energy Performance Certificate - Full details upon request.

Costs - The purchaser will be responsible for any legal / professional fees together with any VAT thereon incurred in the preparation and acquisition of the property.

Money Laundering Regulations - In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.

Vat - All prices quoted are exclusive of VAT at the prevailing rate.

Client Monies Protection Scheme - R A Jackson & Son LLP is a proud member of the RICS. The RICS Client Money Protection for Residential Agents scheme has been approved by Government under the The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018. This means that RICS registered firms holding money in the areas covered by the regulations, will have met the requirements under The Client Money Protection Scheme for Property Agents Regulations (2018) to belong to an approved scheme. Further information

Property Redress Scheme - R A Jackson & Son LLP are part of The Property Ombudsman. Membership number T01923.