1 bedroom flat for sale

Auction Commencing on Monday 23rd March at 1pm and ending 24 hours later on Tuesday 24th March at 1pm with Auction House North East

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

One Bedroom Flat with Garage!
Flat let to established tenant for £325 per month / £3,900 annually!
Garage currently vacant but previously let for £60 per month!

Located in the desirable coastal town of Seaton Delaval, 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 generates a rental income of £325 per calendar month. The garage, which is currently vacant, previously achieved £60 per calendar month. Once re-let, the combined annual gross income has the potential to reach £4,620. The flat is let on a rolling tenancy agreement.

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.