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£3,000,000 offers over

44 bedroom block of apartments for sale

Portland Terrace, Jesmond

£3,000,000 offers over

44 bedroom block of apartments for sale

Portland Terrace, Jesmond

Description

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Property features

  • Freehold Block Of 8 Apartments
  • 44 Bedrooms
  • 4 x 5 Bedroom Apartments
  • 4 x 6 Bedroom Apartments
  • £215,000 Annual Rental Income
  • 7.1% Gross Yield
  • Successful Rental History
  • Scope to Increase Rents & Yield
  • High Specification
  • Rear Parking Area

Property description

**Rare Investment Opportunity**Freehold Block Of Eight x Five & Six Bedroom Apartments Spanning Four Buildings**£215,000 Annual Income / 7.1% Gross Yield** 3-6 Portland Terrace occupies a very central address well positioned within walking distance of both Jesmond and City Centre amenities. The site was skilfully re-imagined by CSM Architects in 2010 to create St James House, a bespoke development of eight large lateral apartments (each apartment spanning the lateral foot-print of two buildings). The high specification, generous space and central location of these apartments has ensured a very successful rental history, and shows potential to further increase the rents and yield. Apartment One - 5 Bedrooms, 4 Bathrooms, 2 Reception Rooms, 1,500 Square feet** **Apartment Two -5 Bedrooms, 4 Bathrooms, 2 Reception Rooms, 1,500 Square feet** Apartment Three - 6 Bedrooms, 4 Bathrooms, 2 Reception Rooms, 1,500 Square feet** Apartment Four - 6 Bedrooms, 4 Bathrooms, 2 Reception Rooms, 1,500 Square feet** Apartment 5 - 6 Bedrooms, 4 Bathrooms, 2 Reception Rooms, 1,500 Square feet** Apartment 6 - 6 Bedrooms, 4 Bathrooms, 2 Reception Rooms, 1,500 Square feet** Apartment Seven - 5 Bedrooms, 4 Bathrooms, 1 Reception Room, 1,280 Square feet** Apartment 8 - 5 Bedrooms, 4 Bathrooms, 1 Reception Room, 1,280 Square feet**

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Nearby services within a 3 mile radius

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Floor plans

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Call 0191 723 0034

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