Under Offer

North East – Portfolio of 27 flats and houses located throughout the North East of England

Offers in excess of £2,100,000

Property Types:
Portfolio, Residential
Sub Types:
Multiple Houses, Investment, Multiple Flats

Description

  • Freehold and Long Leasehold
  • Portfolio comprising 27 residential units in total, providing 61 bedrooms, arranged as: 18 x self contained apartments & 9 x houses
  • Excellent location with properties spread throughout the North East of England
  • Several properties are located within Newcastle-upon-Type, with the remaining being in popular suburban areas and commuter towns
  • Due to ongoing refurbishment works, the portfolio is currently 90% let, producing an income of £169,680 per annum
  • Potential to increase income to an Estimated Rental Value (ERV) of £178,020 per annum
  • An asking price offer of £2,100,000 reflects a Gross Yield of 8.48% (based upon the ERV)

Subject to contract