Swan Street , Evenwood , DL14 9RN

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Posted in:
25th April 2018
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Overview

This former public house now consists of five one bedroom flats all let on separate AST’s. The property is leasehold and all of the flats are on separate titles. The building underwent refurbishment in 2016 and is well presented throughout. Generating £12000 pa , this is an ideal investment for those looking for a ready packaged high yield investment.

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Price – £110000.
Annual Rent – £12000.
Gross Yield – 10.9%.

  • Recently refurbished.
  • 5 x 1 bedroom flats.
  • Sold tenanted..
  • High Yield.
  • Scope to refinance.

FINANCIALS

  • Purchase price: £110000.
  • Annual rental income: £12000.
  • Gross yield: 10.90%.
  • Refurbishment £0.
  • Zero management in Year 1.

Location

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Contact us

Address: North East Property Investment Ltd.
2 South Terrace
Sunderland
SR5 2AW

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