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Residential properties for auction in Rock, Northumberland

Create Alert 1 result Sorry, we currently do not have any listings in 0 miles of Rock, Northumberland - Please find below the nearest listings available.
THE OLD DEFENSIBLE BARRACKS PEMBROKE DOCK, SOUTH WEST WALES

Auction Date: 21st - 22nd November

Guide Price: £850,000 +

•Grade II* Listed Building
•Approx. GIA floor area 45,000 ft.²
•Guide price devalues to less than £20 ft.²
•Approx. site area 4.45 acres
•Renovation work to East Wing mostly completed
•Five existing 1 & 2 bed apartments
•Development opportunity (STP)
•Suitable for a variety of uses (STP)
•Located close to Pembrokeshire Coast National Park
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 Flats). Part-Let Producing £77,760 per annum with an Estimated Rental Value of £82,500 per annum when Fully Let.

Tenure
Leasehold. Each flat is held on a 125 year lease from 2007 (thus approximately 114 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 £77,760 per annum. Flat 19 is vacant.

EPC Rating

B-C

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 £900 inc VAT

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

Viewing Times
Please call Auction House London on 020 7625 9007 to arrange a viewing

Flats 1-20 ( excluding 3) Ladyburn House, Lake Road, Morpeth, NE65 9TG
A RESIDENTIAL PORTFOLIO INVESTMENT COMPRISING NINETEEN SELF-CONTAINED FLATS, PRODUCING £88,740 P.A.
Type: Flat, Residential
Location: Flats 1-20 ( excluding 3) Ladyburn House Lake Road, Morpeth, NE65 9TG
Images: 3
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