2 bed flat for sale

Jesmond Park Court, Jesmond Park East, Newcastle Upon Tyne NE7

**Two Bedroom Apartment**Tenanted Investment Opportunity** A purpose-built first floor apartment, excellently located within walking distance of The Freeman Hospital, Jesmond Dene and local amenities. Exceeding 710 square feet, the flat includes a Communal Entrance (shared with just one other apartment), a Private Reception Hall, a Living Room / Dining Room, a Kitchen, Two Double Bedrooms and a Bathroom. The property further benefits from double glazing and electric heating. Achieving a rent of £1,100 per calendar month, the flat generates a gross yield of 9.7% (pre service charge).

Material Information -
Council Tax Band: C
Tenure:Leasehold
Lease: 940 Years Remaining
Service Charge: £2,220 - Paid over two installments. Includes building insurance, cleaning of communal areas, gardening and general maintenance.
Ground Rent: £25 per year
Management Company: Premier Estates
Parking: Unallocated Resident Parking