7 bed flat for sale in Commercial Street, Brandon, Durham DH7, £150,000

150,000.00

Offer Nr.:
65123830
Type of ad:
for Sale
Property type:
7 bed flat
Bedrooms:
7
Bathrooms:
3
Reception rooms:
3
Contact name:
Reeds Rains - Durham City
Phone(s):
0191 392 0863

* Investor Opportunity
* Freehold
* Flat One EPC grade D Council tax band A
* Flat Two EPC Grade C Council tax band A
* Flat Three EPC Grade C Council tax band A
* Three apartments
* Call to view
* £1, 175 rent received per month
* Investment opportunity
* 10% potential yield
* Three individual tenanted apartments
* Views over green space
Freehold title comprising three units:
1\. Three bed first floor flat.
2\. Two bed ground floor apartment.
3\. Two bed ground floor apartment.
_Investment opportunity_ \ - expected yield 7%
All units currently let.
One freehold title.
Enjoying a convenient location close to local shops and schools the property
must be viewed to appreciate the investment potential offered.
Nb There are currently tenants in all three properties on Assured Shorthold
Tenancies.
1\. £400pcm - November 2018.
2\. £400pcm – Rolling month by month.
3\. £375pcm – September 2018.
Flat One
Occupying the first floor with stairs up from the private rear garden to the
rear. The flat consists of Three double bedrooms, a lounge diner, kitchen and
bathroom.
Flat Two
Accessed privately by a gate to the left of the complex the flat consists of
two bedrooms a bathroom and an open plan kitchen living dining area.
Flat Three
Entering through the front door into the hallway and then the open plan living
area, there is access to the main hallway which has two bedrooms and a
bathroom coming of it.
Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do
not constitute or form part of an offer or any contract and none is to be
relied upon as statements of representation or fact. The services, systems and
appliances listed in this specification have not been tested by us and no
guarantee as to their operating ability or efficiency is given. All
photographs and measurements have been taken as a guide only and are not
precise. Floor plans where included are not to scale and accuracy is not
guaranteed. If you require clarification or further information on any points,
please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to
be agreed with the seller. Potential tenants: All properties are available for
a minimum length of time, with the exception of short term accommodation.
Please contact the branch for details. A security deposit of at least one
month’s rent is required. Rent is to be paid one month in advance. It is the
tenant’s responsibility to insure any personal possessions. Payment of all
utilities including water rates or metered supply and Council Tax is the
responsibility of the tenant in every case.
DCI230462/8

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