FOR SALE
Price: £750,000Tenure: Freehold
Residential Investment Opportunity
Newton Hall, 2-20(B) (Even) Alnwick Road an, Newton Hall, County Durham, DH1 5LX
///
absorbing.feuds.condiment
7,341 sq.ft (682 sq.m)
Features
14 flats available but way of a 999 year long leasehold at a peppercorn ground rent.
- 10 two beds, 2 one beds and 2 studios.
- Fully occupied.
- Producing an annual income of £75,900.
- Break up potential.
- Rental growth to be capitalised on.
Offers in the region of £750,000 (seven hundred and fifty thousand pounds) are invited for the long leasehold interests. This represents a low capital value of £102 psf, which is lower than replacement cost.
About The Area
Local convenience parade in the heart of Durham.
Enquire about Residential Investment Opportunity Newton Hall
Additional Information
Our property portfolio has a wide range of size options, layouts and rental terms available.
Contact us to discuss lease terms and your requirements in more detail propertyenquiry@lcpproperties.co.uk or call: 01384 405 631
We endeavour to show actual photographs of available properties, in some instances indicative photographs of the type of properties available are used.
Therefore inspection in person is recommended to verify all information.