Sold

Newcastle – Fully let portfolio comprising 19 houses across two streets

Offers in excess of £2,000,000

Property Types:
Portfolio, Residential
Sub Type:
Multiple Houses
Tenure:
Leasehold

Lease Term

All 19 houses are held on the same Leasehold Title for a term of 125 years from 30 November 1994 (thus having approximately 102 years unexpired) at a peppercorn ground rent. The Freeholder is Newcastle City Council.

Description

  • Leasehold
  • Comprising 19 houses
    • 4 x two bed
    • 15 x three bed
  • Recently refurbished throughout
  • Fully let subject to Assured Shorthold Tenancies
  • Total rent reserved: £151,500 per annum
  • Gross Yield: 7.57%
  • Excellent break-up opportunity