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Investment Opportunity

Byker £199,000 Freehold REF: NE1642

Background

This is a portfolio of four properties with four separate addresses and tenants.  The properties are located on Allendale Road which is a busy link road running from Shields Road down towards the Riverside.

The area is predominantly residential but this site forms part of a busy commercial parade that includes a Convenience Store and Takeaway and there is free pull in parking to the front.

Description

The portfolio comprises;

62 Allendale Road

A 2 bed upper flat.

64 Allendale Road

A ground floor hair salon with a tenant who has been trading for over 20 years.

66 Allendale Road

A ground floor 1 bed flat.

68 Allendale Road

An upper 2 bed flat.

Terms

The portfolio is available for freehold offers in the region of £199,000.

Legal Costs

Each party to be responsible for their own legal costs in the transaction.

Money Laundering Regulations

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

 

 

Property

 

Rent

Lease Date

Lease Term

Rent Review

Break Clause

R.V.

EPC rating

 

62 Allendale Road

 

£4,320 p.a.

 

 

1/6/2015

 

12 months

 

n/a

 

n/a

 

Band A

 

D

 

64 Allendale Road

 

£3,750 p.a.

 

7/2/2017

 

7 years

 

7/2/2022

 

n/a

 

£3,850

 

C

 

66 Allendale Road

 

  £4,800 p.a.

 

 

2/8/2020

 

12 months

 

n/a

 

n/a

 

Band A

 

D

 

68 Allendale Road

 

£4,320 p.a.

 

 

n/a

Protected

Regulated

Tenancy

 

 

n/a

 

n/a

 

Band A

 

D

 

 

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, always happy to help.

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