Mixed use for sale

* TENANTED * HMO INVESTMENT * OVER FIVE YEARS CONSISTENT RENTAL HISTORY * ANNUAL RENT OF £39,180 * OVER 13% GROSS YIELD *

Cloud Estates are thrilled to welcome to the sales market this tenanted six bedroom house, which is currently operating as an established HMO on George Street, Pelaw. The property has been refurbished to a high standard throughout with the intention of offering an exceptional standard of living to professional tenants in the area.

The six double rooms *(five with ensuite and one with an off suite) achieve a combined monthly rental income of £3265 pcm. All rooms are let individually to professional tenants with bills included. It comprises of entrance, hallway, two ensuite bedrooms, modern kitchen with a seperate utility area and living space. Stairs to the first floor provides access to the three ensuite bedrooms and another bedroom with an off-suite shower room. Externally the property has a private rear yard.

The property is situated in a convenient location within walking distance of numerous transport links, and amenities and has been lovingly designed to be stylish yet practical. Great location in Pelaw within a short distance to Pelaw Metro Station for commuting to Newcastle and Gateshead. For drivers the property is in a great location close to the Felling Bypass and other surrounding arterial routes.

This is an excellent investment opportunity for the new owner. Please contact Liane Cloud Estates to arrange a viewing.