£780,000
residential portfolio for sale
London Road, Newcastle Under Lyme Staffordshire ST5
studio Flat Property description
Flats 9, 10, 11, 12 & 15, Courtyard Beasley Avenue, London Road, Newcastle under Lyme, Staffordshire ST5 7RWGuide Price £780,000 plusfor sale under an auction contract.
Located in the heart of Courtyard Beasley Avenue on London Road in Newcastle Under Lyme, this unique property offers a fantastic investment opportunity. Situated in a superb location, this part block of apartments is for sale under auction terms and conditions.
The property consists of a range of apartments, including one-bed, two-bed, and three-bed options. Each apartment boasts key features such as alarms, central heating, double glazing, ample secure parking, and white goods, making them highly desirable for tenants.
The lease details are attractive, with each property held under a lease for 125 years from January 2006, with 106 years unexpired. The apartments also have a strong rental income potential, with a total annualised rent roll per annum of £46,140. Furthermore, the management company, Courtyard Apartments Management Ltd, is included in the sale, offering an opportunity to charge service charges from 2025 and benefit from ground rents of £250 per apartment.
COURTYARD APARTMENTS GROSS RENTAL INCOME
12 COURTYARD (3 BED) £995 PCM
10 COURTYARD (2 BED). £775 PCM
15 COURTYARD (2 BED). £775 PCM
11 COURTYARD (1 BED). £600 PCM
9 COURTYARD (1 BED). £650 PCM
Total annualized rent roll per annum £46,140,00
Plus, the management company is Courtyard Apartments Management Ltd 06313933 (also included within the sale). opportunity to charge service charges from 2025 and benefit from ground rents of £250 per apartment.
The Courtyard Beasley Avenue area is renowned for its convenient location and offers easy access to local amenities, schools, and public transportation. Nearby points of interests include parks, shops, cafes, and restaurants, providing residents with a vibrant and desirable living environment.
Don't miss out on this fantastic investment opportunity! Contact us today to arrange a viewing of this prime property in Newcastle Under Lyme.
BUYER’S PREMIUM
Applies under the fall of the hammer. The purchaser shall pay a 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.
When registering to bid with us, we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.
Located in the heart of Courtyard Beasley Avenue on London Road in Newcastle Under Lyme, this unique property offers a fantastic investment opportunity. Situated in a superb location, this part block of apartments is for sale under auction terms and conditions.
The property consists of a range of apartments, including one-bed, two-bed, and three-bed options. Each apartment boasts key features such as alarms, central heating, double glazing, ample secure parking, and white goods, making them highly desirable for tenants.
The lease details are attractive, with each property held under a lease for 125 years from January 2006, with 106 years unexpired. The apartments also have a strong rental income potential, with a total annualised rent roll per annum of £46,140. Furthermore, the management company, Courtyard Apartments Management Ltd, is included in the sale, offering an opportunity to charge service charges from 2025 and benefit from ground rents of £250 per apartment.
COURTYARD APARTMENTS GROSS RENTAL INCOME
12 COURTYARD (3 BED) £995 PCM
10 COURTYARD (2 BED). £775 PCM
15 COURTYARD (2 BED). £775 PCM
11 COURTYARD (1 BED). £600 PCM
9 COURTYARD (1 BED). £650 PCM
Total annualized rent roll per annum £46,140,00
Plus, the management company is Courtyard Apartments Management Ltd 06313933 (also included within the sale). opportunity to charge service charges from 2025 and benefit from ground rents of £250 per apartment.
The Courtyard Beasley Avenue area is renowned for its convenient location and offers easy access to local amenities, schools, and public transportation. Nearby points of interests include parks, shops, cafes, and restaurants, providing residents with a vibrant and desirable living environment.
Don't miss out on this fantastic investment opportunity! Contact us today to arrange a viewing of this prime property in Newcastle Under Lyme.
BUYER’S PREMIUM
Applies under the fall of the hammer. The purchaser shall pay a 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.
When registering to bid with us, we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.
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First listed
Over a month agoLondon Road, Newcastle Under Lyme Staffordshire ST5
Marketed by
Palace Auctions - Mayfair 11 Old Bond Street Mayfair, London W1S 4PNCall agent on 020 3542 2754
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The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
London Road, Newcastle Under Lyme Staffordshire ST5 - Streetview
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