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Durham Road & Hartington Street, Gateshead, NE8 4EJ

Offers In Region Of £475,000
Overview

NEPI welcome to the market this high yield investment opportunity, ideally situated close to Gateshead Town Centre and just a short walk from the Tyne Bridge.
The block of ten apartments consists of 5 x 1 bed lower flats & 5 x 2 bed upper maisonettes and benefits from a long leasehold.
The current rent roll is £45,800P/A.
The properties would benefit from improvement when they become unoccupied, which is reflected in the price, this would allow for potential annual rental income of circa £57,500P/A.

Brochure
Features
  • Investment Opportunity
  • High Yield
  • 5 x 1 Bed Lower Flats
  • 5 x 2 Bed Upper Maisonettes
  • Current Rental Income £45,800 per annum
  • Potential Rental Income circe £57,500 per annum
  • Long Leasehold
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Location
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Address
North East Property Investment Ltd
2 South Terrace
Sunderland
SR5 2AW

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