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Flat 1-20 (excluding 3) Ladyburn House, Lake Road, Morpeth, NE65 9TG

A Residential Portfolio Investment Comprising a Parcel of Nineteen Self-Contained Flats . Fully Let Producing £88,740 per annum
Location: Flat 1-20 (excluding 3) Ladyburn House Lake Road, Morpeth, NE65 9TG
Property type: Flat, Residential
Tenure type: For Sale Leasehold
Tenancy type: Investment
**Unsold, the last bid was £494,000. Please refer to Auctioneer for Reserve**

A Residential Portfolio Investment Comprising a Parcel of Nineteen Self-Contained Flats (Three x 3 Bedroom Flats, Ten x 2 Bedroom Flats, Six x 1 Bedroom Flat). Fully Let Producing £88,740 per annum

Tenure

Leasehold. Each flat is held on a 125 year lease from 2007 (thus approximately 115 years unexpired on all 19 flats).

Location

The flats are situated at the end of a residential cul-de-sac in the village of Hadston close to local shops and amenities. The open spaces of Druridge Bay Country Park are within easy reach. Transport links are provided by Acklington rail station which is approximately 3km away.

Tenancy

All of the flats are subject to Assured Shorthold Tenancies that are now holding over. The rents range from £350 - £430 pcm. There are no rent arrears.

Total Combined Current Rent Reserved £88,740 per annum

Viewing Details

No internal access. Please contact us directly for more information: 0207 625 9007

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £780 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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