5 bedroom maisonette for sale

ATTENTION INVESTORS..... Set in this popular location opposite the Walkergate primary school this spacious 5 bedroom first and second floor maisonette might be the Investment opportunity you've been waiting for. The property is currently let on an Assured shorthold tenancy at ?695pcm representing a gross yield of 7.25% based on the asking price of ?115,000. Entering the property you have a ground floor hall. To the first floor you have a landing, lounge, fitted kitchen with integrated oven hob and hood, rear lobby, white suited bathroom and 3 bedrooms. Moving upwards to the second floor you have a landing and 2 further bedrooms. Outside the property has a shared front forecourt and a useful rear yard.Constructed around 1900 the property is within reach of local schools, shops and bus services with the varied shops of Byker town centre being around 5 minutes drive away and Newcastle City centre being around 10 minutes drive away.GROUND FLOOR ENTRANCE HALL 0.94m (3'1') x 2.08m (6'10')FIRST FLOOR LANDING 1.17m (3'10') x 2.62m (8'7')LOUNGE 4.11m (13'6') x 4.42m (14'6')KITCHEN 2.59m (8'6') x 3.96m (13'0')Stainless steel sink unit single drainer set in a range of wall and floor units with built in oven, hob & hood. Plumbed for automatic washer. Radiator.REAR LOBBY 0.81m (2'8') x 0.86m (2'10')BEDROOM (1) 4.09m (13'5') x 4.32m (14'2')(Plus bay window). Radiator.BEDROOM (2) 2.16m (7'1') x 3.17m (10'5')Laminate Floor. Radiator.BEDROOM (3) 2.16m (7'1') x 3.17m (10'5')Radiator.BATHROOM 1.70m (5'7') x 1.96m (6'5')with white suite of twin grip bath with shower over, pedestal basin, and low level W/C. Part PVC clad walls. Laminate floor. Radiator.SECOND FLOOR LANDING 2.41m (7'11') x 3.28m (10'9')Skylight & walk-in cupboard (The vendor advises there is plumbing only for the installation of a toilet and handbasin)BEDROOM (4) 3.45m (11'4') x 2.49m (8'2')Velux window. Radiator.BEDROOM (5) 3.45m (11'4') x 2.29m (7'6')EXTERNALLY Shared front forecourt and a Useful rear yard.EPC Energy rating 'D'.Council Tax Band 'A'.TENURE Leasehold with an unexpired term on 27/1.23 of 81 years and a ground rent of 1 peppercorn pa. We believe that under The Leasehold Reform, Housing and Urban Development Act 1993 as amended, after you have owned the property for 2+ years you may have the right to extend the lease by 90 years subject to meeting the qualifying criteria and subject to payment of a premium and costs. You should seek your solicitors advice on this prior to exchange of contracts.THE VENDOR ALSO VERBALS ADVISES US THAT THE PROPERTY IS SOLD SUBJECT TO A RESTRICTIVE COVENANT PREVENTING IT'S USE AS A HOUSE IN MULTIPLE OCCUPATION.