Love Lane, Berwick-Upon-Tweed
- PROPERTY TYPE
Apartment
- BEDROOMS
4
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Communal Entrance Hall
- 3 Apartments
- Excellent Investment Opportunity
- Potential 8% Yield
- Town Centre Location
Description
The Old Cooperage comprises of three flats, which have been modernised and upgraded to a high standard. The building is entered from Love Lane and has a door entry phone system. The entrance hall has stairs to the apartments with a useful understairs storage area, which is being used for bicycles.
Flat 1 is currently being run as an AirBnd, which comprises of a living room with ample space for reception room furniture, a modern fitted kitchen, a modern bathroom and a generous double bedroom. The apartment has electric heating. The apartment is achieving approximately £550 per calendar month.
Flat 2 located on the second floor level, this apartment has being rented out on a long term rental. The accommodation comprises of an entrance hall, living room, kitchen, two bedrooms and shower room. The property has electric heating. The apartment would achieve approximately £600 per calendar month.
Flat 3 is located on the third floor level, which is currently rented with a long term tenant who has been given notice and is due to leave in November, but she would very happily remain if the new owner wanted to renew. The accommodation comprises of entrance hall, living room, kitchen, bathroom, bedroom and a study. Full electric heating.
The present owners have modernised and upgraded the apartments, which includes modern bathrooms and kitchens, modern decoration throughout.
The total rent, should the new owner not wish to continue with Airbnb, would be around £1600 per calendar month (gross yield of between 8% & 9%). This investment opportunity is a very attractive proposition.
-Electric heating
- Mains water, electric & drainage.
- Flat 1 & 2 - EPC (D)
- Flat 3 - EPC (E)
Services- Mains water, electric and drainage.
Council tax bands- All three flats are band A.
Energy Performance Ratings:
Flat 1- D.
Flat 2-C.
Flat 3- D.
Tenure-Leasehold- 999 year lease from 1997
Ground rent- Peppercorn.
Brochures
Love Lane, Berwick-Upon-TweedBrochure- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- 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
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About Aitchisons Property Centre, BERWICK-UPON-TWEED
36 Hide Hill, Berwick-Upon-Tweed, TD15 1AB
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 34939613. 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 Aitchisons Property Centre, BERWICK-UPON-TWEED. 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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