7 bedroom block of apartments for sale

For sale via Livestream Auction Commencing from 11am on Wednesday 8th April with Auction House North East.

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

Investment Opportunity: Three Self-Contained Flats Sold Together!

1 x 3 bed & 2 x 2 beds - all currently tenanted to longstanding tenants with a combined annual rental income of £21,660!

A rare opportunity to acquire three self contained flats, sold as a single lot, providing an excellent income producing investment.

All flats are arranged on one floor, with separate access via a shared lobby.

Flat 1: Sitting/dining room, kitchen, two bedrooms, bathroom, and dressing area – currently let at £650 pcm, £7,800 annually

Flat 2: Sitting/dining room with kitchen area, two bedrooms, bathroom, and en-suite – currently let at £560 pcm, £6,720 annually

Flat 3: Sitting/dining room, kitchen, two bedrooms, bathroom, and dressing area – currently let at £595 pcm, £7,140 annually

Total annual rental income: £21,660

Located in the village of Throckley, on the western outskirts of Newcastle upon Tyne, the property benefits from excellent transport links. The A69 and A1 Western Bypass are nearby, and regular bus services provide easy access to the city centre, making this a convenient, well connected location for tenants.

This lot presents a turnkey investment with immediate rental income and strong potential for future growth.

Tenure: Freehold

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.