No longer on the market
This property is no longer on the market
Map2 bedroom property
Sold STC
Property
2 beds
Key information
Features and description
- 2 Storey Freehold Block of 25 flats
- Potential To Increase To 38 Flats STPP
- Gross Fully Let £149,340 Yield 11.1%
- High Occupancy Rates - All Let On ASTs
*AMAZING INVESTMENT OPPORTUNITY TO PURCHASE THIS F/H BLOCK OF 25 FLATS IN HADSTON TOWN CENTRE WITH THE OPTION TO EXTEND FURTHER ADDING AT LEAST 50% MORE FLATS TO THE CURRENT FOOTPRINT*
All one and two bedroom apartments are currently being let on assured shorthold tenancy (AST) agreements. The 25 flats are in high demand due to there being limited numbers of 1 bed flats available to rent in the local area and as such have a high occupancy rate. The apartments have been well maintained and are all self-contained within a modern two story single building. There is the ability subject to obtaining local authority planning approval, to further extend the property by at least 13 units by adding 2 wings and 2 units over a single story extension. This in turn would add at 50-60% more rental income.
Just over 3 miles from Hadston is Amble town where there is a large Morrisons supermarket, marina and yaught club, Amble links holiday park leisure centre with pool, an array of shops, cafe's and restaurants, pubs, bars and ice cream parlours! Amble is also home to some of the finest fish and chip shops, and seafood restaurants in Northumberland.
Also just the other side of the coast road from Hadston is located Druridge Bay Country Park. Druridge Bay Country Park has all the amenities you will need to enjoy a day at the coast with cafe and children's play area, large lake where you can take your own boat, meadows and woodlands. The lake and park was restored from an old opencast coal mine and has now become a very pleasant landscape for walks and picnics. In addition a short walk from the lake is 3 miles of high-quality beach and sand-dunes offering ample space to get away from it all.
The property benefits from gas central heating and double glazing.
All one and two bedroom apartments are currently being let on assured shorthold tenancy (AST) agreements. The 25 flats are in high demand due to there being limited numbers of 1 bed flats available to rent in the local area and as such have a high occupancy rate. The apartments have been well maintained and are all self-contained within a modern two story single building. There is the ability subject to obtaining local authority planning approval, to further extend the property by at least 13 units by adding 2 wings and 2 units over a single story extension. This in turn would add at 50-60% more rental income.
Just over 3 miles from Hadston is Amble town where there is a large Morrisons supermarket, marina and yaught club, Amble links holiday park leisure centre with pool, an array of shops, cafe's and restaurants, pubs, bars and ice cream parlours! Amble is also home to some of the finest fish and chip shops, and seafood restaurants in Northumberland.
Also just the other side of the coast road from Hadston is located Druridge Bay Country Park. Druridge Bay Country Park has all the amenities you will need to enjoy a day at the coast with cafe and children's play area, large lake where you can take your own boat, meadows and woodlands. The lake and park was restored from an old opencast coal mine and has now become a very pleasant landscape for walks and picnics. In addition a short walk from the lake is 3 miles of high-quality beach and sand-dunes offering ample space to get away from it all.
The property benefits from gas central heating and double glazing.
Rooms
Location
Hadston has a well established infrastructure which includes, a health clinic, a Co-operative supermarket, Healthclub (next to building) take out restaurants and a pharmacy. Hadston is located just off the A1068 Coast road which joins the A1 at Alnwick and then heads south towards Newcastle. There are also good bus services to Amble, Alnwick and Morpeth from Hadston.
Under 20 minutes drive away is Alnmouth train station which has direct trains to London and Edinburgh.
Accommodation
The portfolio comprises 17 number one beds, 8 number two bed flats. We are advised that all have gas central heating.
EPC
All available upon request (rating C).
Tenure
Freehold. Title number ND144314.
Council Tax
Band A
Letting Agreements
All flats are fully let on ASTs agreements
About this agent
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.