From
£20,000
Property for saleOld Eltringham Court, Prudhoe NE42
EPC Rating: B
Just added
Auction
About this property
Freehold Ground Rent Investment
Arranged to provide 10 x self-contained flats
Rent rising in 2031 and every 25 years thereafter
Each flat benefits from a demisted parking space
Investment let at £1,000 p.a. Rising to £2,000pa in 2031 up to £16,000pa in 2106
Strapline
Auction Sale - 14/07/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Freehold Ground Rent Investment over 10 flats, with reversionary income growth from £1,000 p.a. Today to £16,000 p.a. By 2106.
Location
The property is prominently situated within Old Eltringham Court, a well-established commercial development in Prudhoe, Northumberland. Prudhoe is a popular Tyne Valley town located approximately 11 miles west of Newcastle upon Tyne, benefiting from strong road connectivity via the A695 and close proximity to the A1. The town offers a range of local amenities and services, while also providing convenient access to the wider Tyneside conurbation. Old Eltringham Court itself is positioned close to Prudhoe town centre and Prudhoe railway station, which provides regular services to Newcastle and Carlisle, making it an accessible and attractive location for both businesses and occupiers.
Transport
RoadThe property benefits from excellent road connectivity, situated close to the A695 which provides direct access east to Newcastle upon Tyne (approximately 11 miles) and west towards Hexham. The A1 is also readily accessible, offering wider regional and national connectivity.
RailPrudhoe railway station is located approximately 0.5 miles from the property, providing regular services on the Tyne Valley Line to Newcastle upon Tyne and Carlisle, as well as onward connections to the wider national rail network.
BusThe town is well served by local bus routes, with services linking Prudhoe to Newcastle, Hexham and surrounding towns and villages, with stops located within easy walking distance of Old Eltringham Court.
AirNewcastle International Airport is approximately 10 miles to the north-east, offering a broad range of domestic and international flights.
Tenancy
Let for a term of 125 years from January 2006 at a current ground rent of £1,000 p.a.
The lease provides for regular rent increases;
Rising to £2,000pa in 2031, £4,000pa in 2056, £8,000pa in 2081 and £16,000pa in 2106
Auction Sale - 14/07/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Freehold Ground Rent Investment over 10 flats, with reversionary income growth from £1,000 p.a. Today to £16,000 p.a. By 2106.
Location
The property is prominently situated within Old Eltringham Court, a well-established commercial development in Prudhoe, Northumberland. Prudhoe is a popular Tyne Valley town located approximately 11 miles west of Newcastle upon Tyne, benefiting from strong road connectivity via the A695 and close proximity to the A1. The town offers a range of local amenities and services, while also providing convenient access to the wider Tyneside conurbation. Old Eltringham Court itself is positioned close to Prudhoe town centre and Prudhoe railway station, which provides regular services to Newcastle and Carlisle, making it an accessible and attractive location for both businesses and occupiers.
Transport
RoadThe property benefits from excellent road connectivity, situated close to the A695 which provides direct access east to Newcastle upon Tyne (approximately 11 miles) and west towards Hexham. The A1 is also readily accessible, offering wider regional and national connectivity.
RailPrudhoe railway station is located approximately 0.5 miles from the property, providing regular services on the Tyne Valley Line to Newcastle upon Tyne and Carlisle, as well as onward connections to the wider national rail network.
BusThe town is well served by local bus routes, with services linking Prudhoe to Newcastle, Hexham and surrounding towns and villages, with stops located within easy walking distance of Old Eltringham Court.
AirNewcastle International Airport is approximately 10 miles to the north-east, offering a broad range of domestic and international flights.
Tenancy
Let for a term of 125 years from January 2006 at a current ground rent of £1,000 p.a.
The lease provides for regular rent increases;
Rising to £2,000pa in 2031, £4,000pa in 2056, £8,000pa in 2081 and £16,000pa in 2106
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Monthly repayment
£100 per month
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