11 Grace House, St. Johns Green, North Shields, Tyne and Wear NE29 6PW
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Description
Auction Commencing on Monday 18th May at 1pm and ending 24 hours later on Tuesday 19th May from 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Tenanted two-bedroom maisonette in North Shields generating £475 PCM (£5,700 pa) with a reliable tenant in situ, offering an immediate, hassle-free investment opportunity.
Tenanted Investment Opportunity | Two Bedroom Maisonette | Immediate Income
An excellent opportunity to acquire a tenanted two-bedroom maisonette situated within Grace House, St. Johns Green, a well-established residential area of North Shields. This property is ideally suited to buy-to-let investors seeking an immediate, income-producing asset.
The accommodation is arranged over two floors and briefly comprises: entrance hall, kitchen, and a spacious lounge/dining area to the first floor. To the second floor are two well-proportioned bedrooms and a family bathroom. The property benefits from good natural light throughout and a practical layout, appealing to long-term tenants.
Externally, the development offers communal grounds and parking, with nearby amenities, transport links, and local schools all within easy reach.
Investment Details
Current Rent: £475 PCM (£5,700 per annum)
Tenancy: Established tenant in situ
Payment History: Rent paid in full and on time with no arrears or issues
Tenure: Leasehold (details to be confirmed)
This is a hands-off investment with a reliable tenant, offering immediate rental income from completion.
Key Features
Two-bedroom maisonette
Spacious living room and separate dining area
Fitted kitchen
Family bathroom
Well-maintained by tenant
Strong rental track record
Popular residential location
Location
Grace House is conveniently located in North Shields, close to local shops, schools, and transport links including the Metro, providing easy access to Newcastle city centre and the wider region.
Auctioneers Notes
This property is sold via auction and will appeal to investors looking for a ready-made rental investment with proven income and a dependable tenant already in place.
Tenure: Leasehold
EPC Rating: ordered
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
11 Grace House, St. Johns Green, North Shields, Tyne and Wear NE29 6PW
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Visit our security centre to find out moreDisclaimer - Property reference 202604271833sq_n49n. 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 Auction House, North East. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, North East on 0191 917 9650.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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