Under Offer

South Shields – Portfolio comprising 25 neighbouring Grade II Listed cottages in popular coastal town in the North East of England

Offers in excess of £2,950,000

Property Types:
Portfolio, Residential
Sub Types:
Multiple Houses, House, Investment
Tenure:
Freehold

Description

  • Freehold
  • Portfolio comprising 25 neighbouring cottages, arranged as: 17 x one bedroom bungalows, 1 x two bedroom bungalow & 7 x two bedroom terraced houses
  • All cottages are Grade II Listed and well presented throughout
  • Opportunity also included 4 x garages adjacent to the cottages
  • Well located in the popular coastal town of South Shields in the North East of the country
  • Potential to increase income once fully let to an Estimated Rental Value of £192,500 per annum

An asking price offer reflects a Gross Yield of 6.53% (based upon the ERV)

Subject to contract