1 bedroom flat for sale

Auction Date Commencing on Monday 10th November at 1pm and ending 24 hours later on Tuesday 11th November at 1pm with Auction House North East

Please register to bid via our website - auctionhouse.co.uk/northeast

One Bedroom Flat with Garage!
Flat and garage let separately to established tenants!
Achieving £385 per month / £4,620 annually!

Located in the desirable coastal town of Whitley Bay, this one bedroom flat with a separate garage presents an excellent opportunity for investors seeking a ready made, income producing asset.

The accommodation comprises a lounge, kitchen, one bedroom and bathroom with French doors leading to the balcony. The property s conveniently positioned close to a variety of local amenities, public transport links, shops and leisure facilities – making it highly appealing to tenants.

In addition to the flat, the sale also includes a garage which is let separately, providing an additional source of income.

At present, the flat achieves a rental income of £325 per calendar month, while the garage generates £60 per calendar month, producing a combined annual gross income of £4,620. Both are on rolling tenancy agreements.

Tenure: Leasehold

EPC Rating: C

Administration Fee: £3600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.