Key Details

Property Description

This substantial block of apartments is up for sale under the Unconditional Auction Terms and Conditions. It's located on the outskirts of Newcastle City Centre, approximately 1.5 miles to the west of Newcastle Upon Tyne City Centre. Originally built as sheltered accommodation for Anchor Housing Association, this three storey purpose built block consists of twenty seven self-contained flats. There are 19 studio apartments, 6 one bedroom apartments, one two bedroomed apartment, and one three bedroomed apartment. Managed by Northwood Estate Agents for the current landlord, there is potential to divide 3 of the larger apartments into additional units with the appropriate planning permission. The total gross internal area is approximately 1,444 square metres (15,543 square feet). Currently, most of the flats are let out, generating an annual income of around £180,000. This amount may vary if any properties become vacant or more are let. Externally, there are gardens at the front, side, and rear of the property, along with store rooms and a boiler room. The property also includes nine parking spaces and one integral single garage currently being used as storage/workshop.

• Location