Durham Road & Hartington Street, Gateshead, NE8 4EJOffers In Region Of £475,000
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.
- 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