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£390,000 Offers in region of

12 bedroom apartment for sale

Fairfield Drive, Ashington

£390,000 Offers in region of

12 bedroom apartment for sale

Fairfield Drive, Ashington

Description

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Property features

  • Excellent Investment Opportunity
  • 12 One Bedroom Apartments
  • Rental Income £3,800PCM
  • Off Street Parking
  • Communal Gardens

Nearest schools

school icon  NCEA Duke's Secondary School (0.3mi.)
Requires Improvement
school icon  NCEA Castle School (0.3mi.)
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school icon  NCEA Bishop's Primary School (0.3mi.)
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Property description

**INVESTORS**NEPI offer to the market this exceptional investment opportunity. An apartment block comprising of 12 self contained one bedroom apartments.Situated in a popular location the block is two storey and benefits from communal parking and landscaped gardens. Each apartment briefly comprises; lounge, kitchen, bedroom, bathroom. All of the flats are on a current let generating a rental roll of £3,800 PCM. This gives a yield of 11% based on the current asking price. A 125 year lease was granted on 25/3/2012, the Ground Rent is £250 per annum and this is fixed for the duration of the lease.

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Map

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Call 0191 723 0076

DISCLAIMER

Property reference 100754000612. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by North East Property Lettings & Management - Wallsend. Please contact the selling agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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