2 bedroom flat for sale

Investors only – tenants in situ since October 2024, paying £1,200 PCM from October 2025, delivering an attractive 9.6% gross yield.

Presently let for a rental of £1200 per month giving a gross yield of 9.6% against the asking price this property is an ideal opportunity for either a first time investor or those looking to add to a portfolio.

The flat has a valid EPC until January 2034 and EICR until September 2029.

The accommodation comprises: a welcoming entrance hall with a generous storage cupboard incorporating plumbing for a washing machine; a bright open-plan lounge/dining/kitchen area fitted with a range of integrated appliances including fridge/freezer, oven, microwave, electric hob and dishwasher.

The property offers two well-proportioned double bedrooms, the principal bedroom benefiting from an ensuite shower room with heated towel rail and spot lighting.

Both bedrooms enjoy French doors opening to a Juliet balcony. A contemporary bathroom/WC completes the layout, featuring a shower over bath, heated towel rail, partial tiling and spot lighting.

Telephone entry system and lift to all floors.

Externally there is an allocated parking bay and abundance of visitor parking.

Situated in the sought after apartment complex of Ochre Yards on the south bank of the River Tyne, just a short walk from both Newcastle city centre and the ever popular quayside.

We understand is on 125 Year lease from 1 January 2012 leaving approx. 110 years with a ground rent of approx. £165 per year and service charge of £2508.40 or 2026 or £209.03 per month (Full Details will be confirmed by solicitors)

MAKING AN OFFER:
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF260045/2