SIX Apartments, Collingwood Court, Neville Court and Kenilworth Court , Washington, Tyne and Wear NE37 3EF
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
9
- BATHROOMS
6
- SIZE
Ask agent
Description
Auction Commencing on Monday 01st June at 1pm and ending 22 hours later on Tuesday 02nd June from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast
Portfolio of six leasehold flats in Washington, Tyne & Wear, partly income-producing (c.£1,590 pcm incl. garage) with value-add potential.
LOT – PORTFOLIO OF SIX LEASEHOLD FLATS – WASHINGTON, TYNE & WEAR
Guide Price: £60,000 – £80,000
An opportunity to acquire a portfolio of six leasehold residential units located in Washington, Tyne and Wear. The portfolio comprises a mix of one- and two-bedroom properties, several of which are income-producing, offering both immediate return and asset management potential.
72 Neville Court, NE37 3DY
Vacant One-bedroom flat. There is separate garage currently let at £35 per calendar month.
100 Kenilworth Court, NE37 3EQ
Two-bedroom flat currently tenanted at £375 per calendar month. It is understood that either this property or another within Kenilworth Court has recently undergone full double glazing replacement (to be confirmed).
104 Kenilworth Court, NE37 3EQ
Two-bedroom flat with an additional small room adjoining the principal bedroom, suitable as a nursery or study. Currently tenanted at £420 per calendar month.
99 Collingwood Court, NE37 3ED
One-bedroom flat presented in good condition, having undergone a refurbishment in recent years including kitchen, bathroom, and double glazing. Currently tenanted at £350 per calendar month.
114 Collingwood Court, NE37 3EF
Vacant Two-bedroom maisonette with its own private entrance.
115 Collingwood Court, NE37 3EF
One-bedroom flat currently let at £375 per calendar month, with the tenant due to vacate on 21st May.
Investment Summary
Portfolio of six leasehold residential units
Current rental income (partially let): approx. £1,555 per calendar month (excluding vacant/owner-occupied units)
Additional income from garage: £35 per calendar month
Scope to increase rental income and letting of vacant units
Asset management opportunity with value-add potential
Attractive guide price reflecting condition and upside
Tenure: Leasehold (all units)
Legal Pack: Available upon request
A compelling opportunity for investors seeking a multi-unit portfolio with existing income and significant potential for enhancement and yield growth.
Tenure: Leasehold
EPC Rating: various. see legal pack
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
SIX Apartments, Collingwood Court, Neville Court and Kenilworth Court , Washington, Tyne and Wear NE37 3EF
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Visit our security centre to find out moreDisclaimer - Property reference 202605011921sq_v9vx. 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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