Land to let in 105, Colston Street, Newcastle Upon Tyne, Tyne And Wear, UK NE4

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Property features

  • Residential development/investment opportunity.
  • Comprises 19 units and 1 freehold reversionary interest.
  • Two occupied properties within the portfolio producing a rental income of £7,680 per annum.
  • Excellent opportunity for asset management and renal growth.
  • Estimate that the portfolio has the potential to generate a rental income of £86,736 per annum
  • Subject to undertaking works to bring the properties into a reasonable condition.

Property description

The portfolio comprises 18 self-contained flats within brick built terrace properties. Within the portfolio 17 units are currently vacant. These units require refurbishment and modernization. This presents the unique opportunity to actively manage the properties and increase the occupancy rate across the portfolio.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Avison Young, LS1 on +44 113 427 9222 * (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 Avison Young, and do not constitute property particulars. Please contact Avison Young 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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