2 bedroom apartment for sale

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2 bedroom apartment for sale

The Grainger, North West Side, Gateshead
£135,000

Price History

Initial price £157,500
07/07/24 £135,000
Price Change -14.29%

Description

This investment opportunity is a leasehold property with 135 years remaining on the lease, which costs approximately £1,900 per annum. The property is currently tenanted and generates an annual income of £10,200. It boasts stunning river views and a large outdoor terrace, perfect for enjoying the scenery. Additionally, the property comes with allocated parking, making it a convenient and desirable option for tenants. With a strong rental yield and a long lease remaining, this property presents a solid investment opportunity for those looking to generate passive income.