No longer on the market
This property is no longer on the market
Map16 bedroom apartment
Apartment
16 beds
16 baths
Key information
Tenure: Ask agent
Council tax: Ask agent
Features and description
- Asking Price: £500,000
- Leasehold (69 years remaining)
- All units are tenanted
- Over £56,000 rental income pa
- Sixteen 1 bedroom units
- All double glazed
- Parking on site
INVESTMENT OPPORTUNITY - PORTFOLIO OF SIXTEEN ONE BEDROOM APARTMENTS FOR SALE - Bricks & Mortar welcomes this fantastic opportunity to purchase 16, one bedroom apartments in the Riversdale House development in Stakeford, Northumberland. Each apartment is tenanted and the portfolio generates over a £61500 rental return per annum.
INVESTMENT OPPORTUNITY - PORTFOLIO OF SIXTEEN ONE BEDROOM APARTMENTS FOR SALE - Bricks & Mortar welcomes this fantastic opportunity to purchase 16, one bedroom apartments in the Riversdale House development in Stakeford, Northumberland. Each apartment is tenanted and the portfolio generates over a £61500rental return per annum.
Riverdale House itself contains 30 apartments, sixteen of which are now available tor purchase as a portfolio of buy-to-lets.
There is a 99 year lease from 1989 and therefore 69 years remains so there is the option to purchase an extension.
Each one bedroom apartment is double glazed and contains an open plan kitchen and living room, bathroom and good sized bedroom.
For additional information and to request a viewing, please contact our office to arrange an appointment.
NOTE: (We have prepared these property particulars as a general guide to a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to Bricks & Mortar Group.)
INVESTMENT OPPORTUNITY - PORTFOLIO OF SIXTEEN ONE BEDROOM APARTMENTS FOR SALE - Bricks & Mortar welcomes this fantastic opportunity to purchase 16, one bedroom apartments in the Riversdale House development in Stakeford, Northumberland. Each apartment is tenanted and the portfolio generates over a £61500rental return per annum.
Riverdale House itself contains 30 apartments, sixteen of which are now available tor purchase as a portfolio of buy-to-lets.
There is a 99 year lease from 1989 and therefore 69 years remains so there is the option to purchase an extension.
Each one bedroom apartment is double glazed and contains an open plan kitchen and living room, bathroom and good sized bedroom.
For additional information and to request a viewing, please contact our office to arrange an appointment.
NOTE: (We have prepared these property particulars as a general guide to a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to Bricks & Mortar Group.)