Flat for sale in Tynegate, Sunderland Road, Gateshead NE8

Fixed price £60,000
1 1 1
Interested in this property? Call +44 20 3463 2699 * or

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Property features

  • Selection Of Newly Converted 1 & 2 Bedroom Apartments
  • 8% Net Rental Return Assured For 3 Years
  • Fully Fitted
  • 175 Year Lease
  • Hands Free Invesment
  • Cash Buyers Only

Property description

Chad House is a development of 89 apartments consisting of 80 x 1 Bed and 9 x 2 Bed apartments offering investors a net return of 8% assured for 3 years.
Ideally located next to Gateshead Highway with its excellent links to the centre of Newcastle, these apartments in a converted office building will be newly renovated and fitted to the highest standards catering for all the tenants needs. Chad House is situated close to all local amenities including schools, Hospitals and the abundance of bars, shops & restaurants the city has to offer making this the ideal location to purchase a property.
One Bedroom apartments (Approx Size 415 Sq Ft) comprise of; Entrance Hall, Lounge, Kitchen, Good Sized Bedroom & Modern Bathroom. The kitchens come with fitted with a range of wall and base units with complimentary work surfaces, Stainless steel sink unit, built in oven, hob and extractor, fridge freeze, splash back tiling, and sockets.
Two Bedroom Apartments (Approx size 569 Sq Ft) comprise of: Entrance Hall, Lounge, Kitchen, Good Sized Bedrooms & Modern Bathroom. The kitchens come with fitted with a range of wall and base units with complimentary work surfaces, Stainless steel sink unit, built in oven, hob and extractor, fridge freeze, splash back tiling, and sockets.
Service Charge: £575 pa - per apartment
Ground Rent: £350 pa per apartment
Lease: 125 Years From 2017
Cash Buyers Only

Property info

Nearby transport

  • Manors (1.1 miles)
  • Newcastle (1.1 miles)
  • Heworth (1.7 miles)
  • Newcastle Airport (6.7 miles)
  • Durham Tees Valley Airport (31.8 miles)
  • Leeds Bradford International Airport (75.6 miles)
  • Newcastle International Ferry Terminal (6.3 miles)
  • South Shields Ferry Terminal (6.8 miles)
  • North Shields Ferry Terminal (6.8 miles)

Nearby schools

View all schools in Gateshead
  • St Joseph's Roman Catholic Voluntary Aided Primary School, Gateshead (0.3 miles)
  • Gateshead Jewish Primary School (0.4 miles)
  • South Street Community Primary School (0.4 miles)
  • Yeshiva Lezeirim Preparatory Academy (0.4 miles)
  • Gateshead College (0.6 miles)
  • Discovery School (1.3 miles)
  • The Gateshead Cheder Primary School (0.1 miles)
  • Haskel School (0.4 miles)
  • Gateshead Jewish Boarding School (0.6 miles)
Note: Distance is shown as a straight line measurement

Local info for Gateshead

About the neighbours in NE8

For more information about this property, please contact
Ashley Milton, W9 on +44 20 3463 2699 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ashley Milton, and do not constitute property particulars. Please contact Ashley Milton 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.

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