Flat for sale in Witton Court, Washington NE38
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Property features
- 5 Year Lease in place
- £7,404pa
- 8.8% Yield Net
- Leasehold 84 Years Remain
- Council Tax A
- EPC D
Property description
Nepi has secured an excellent off-market leasehold property to our valued clients. This investment opportunity comes with a government-backed 5-year lease, providing you with an outstanding chance to acquire a property that offers both competitive and consistent income. The annual gross rent is fixed at £7,404, delivering an impressive gross yield of 10%.
This property has undergone a recent refurbishment and currently has tenants in place, ensuring immediate income and a hassle-free investment experience. The layout includes three bedrooms, a spacious lounge, a well-equipped kitchen, and a modern bathroom. Additionally, it benefits from a brand-new combi boiler and energy-efficient double-glazed windows.
Property info
For more information about this property, please contact
North East Property Investment (NEPI), NE4 on +44 191 511 8744 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by North East Property Investment (NEPI), and do not constitute property particulars. Please contact North East Property Investment (NEPI) for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.