27 Brinkburn Street, South Shields, NE34 0JU

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Posted in:
8th March 2019
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Overview

This one bedroom ground floor flat has been fully refurbished and has certificates in place. The property is well presented and benefits from a long leasehold.

Currently let to Nacro on a 36 month term at £400pcm, generating a rental yield of 12% with an immediate return.

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Price – £39,750.
Annual Rent – £4,800.
Gross Yield – 12%.

  • Recently refurbished.
  • 1 bedroom.
  • Sold leased to Nacro.
  • 36 month contract.
  • Long Leasehold.
  • Certificates in place.

FINANCIALS

  • Purchase price: £39750.
  • Annual rental income: £4800.
  • Gross yield: 12%.
  • Refurbishment £0.

Location

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