Bowesfield Lane, Stockton-On-Tees

Bowesfield Lane, Stockton-On-Tees, North Yorkshire, United Kingdom | Ref: 30848957
4
4

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Features

  • 4x SELF CONTAINED FLATS
  • CHAIN FREE
  • INVESTMENT OPPORTUNITY
  • 10% YIELD
  • EXCELLENT LOCATION
  • SHOPS & AMENITIES NEARBY

Property Details

** FOUR SELF CONTAINED FLATS **

An excellent opportunity to acquire freehold block of flats, 4 x 1 bed. Located in Bowesfield, just a short drive from Stockton on Tees Town Centre, the property should offer a good investment opportunity. There is also an opportunity of building further flats to the rear of the building subject to planning. *** POTENTIAL TO EXTEND TO THE REAR ***

Based on current LHA rates the building will achieve £18,000 per annum which represents a 10% Yield on Asking Price.

Flat 1 currently vacant - new tenant being sought - LHA rate - £375pcm
Flat 2 currently vacant - new tenant being sought - LHA rate - £375pcm
Flat 3 currently vacant - new tenant being sought - LHA rate - £375pcm
Flat 4 currently vacant - new tenant being sought - LHA rate - £375pcm

The building is conveniently situated within walking distance of everyday shops etc.

BUYER FEES APPLY OF £2,000+VAT
Ref
30848957
Price
£160,000
Status
Available
Property Type
House
Beds
4
Baths
4

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Available
£165,000
Bowesfield Lane, Stockton-On-Tees Stockton-On-Tees, North Yorkshire
30833804
Beds 4
Baths 2
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