- Two Bedrooms
- Ground Floor
- Attractive Gross Yield
- St James Village
- Access to Transport Links
- Allocated Parking
- Access To City Centre
- Tenant in Situ
2 Bedroom Apartment for sale in Gateshead
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2
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TENANTED TWO BEDROOM GROUND FLOOR APARTMENT | INVESTMENT OPPORTUNITY WITH PARKING | Living Spaces are pleased to offer to the sales market this well-presented two-bedroom ground floor apartment, sold with a tenant in situ, providing an immediate rental income for investors. The property briefly comprises; entrance hallway, spacious open plan living/dining kitchen, two bedrooms and a modern bathroom. Externally, the apartment benefits from allocated parking. Located within the popular St James Village, the property is ideally positioned for access to Gateshead and Newcastle City Centre, with excellent transport links and a wide range of local amenities nearby, making it a consistently desirable rental location. This is an ideal opportunity for both first-time and experienced investors seeking a ready-made addition to their portfolio. Energy Efficiency Rating C. Council Tax Band A.
Entrance Hall
Open Plan Living/Kitchen Area
Living Room
Two double glazed windows, radiator, television aerial point, entry phone system.
Kitchen
Range of wall and base units with work surfaces incorporating; stainless steel sink unit with mixer tap, electric oven and gas hob with extractor fan above, space for fridge/freezer and undercounter washing machine, combination boiler, double glazed window.
Bedroom One
Double glazed window, radiator.
Bedroom Two
Double glazed window, radiator.
Bathroom
Panelled bath with shower overhead, WC, pedestal wash hand basin, radiator, part tiled walls, double glazed window.
Leasehold Information
The remaining term on the lease is 102 years (2026). The annual service charge is £960 per annum approximately. The ground rent is paid annually and is £400, and is due to be reduced to £250 in 2028. Please be advised we have not inspected the headlease.
Material Information
Tenure: Leasehold.
The block is managed by Trinity Estates.
Council Tax: Band C. Authority; https://www.gateshead.gov.uk/article/2641/2023-24-Council-Tax-valuation-bands
Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property.
Broadband: Follow the link to check broadband providers and speeds; www.broadbandcheck.co.uk
Mobile Phone Coverage: Follow the link to check mobile signal for all networks; www.signalchecker.co.uk
Parking: There is an allocated parking space with the apartment.
We have not been advised of any restrictive Covenants at the outset of marketing.
You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing. Please note the lease can be made available upon request.
Important Information
- This is a Leasehold property.
Property Ref: GRS260041
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Living Spaces (Newcastle upon Tyne)
21 Grey Street, Newcastle upon Tyne, Tyne & Wear, NE1 6EE
0191 222 1000
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