£300,000
Studio flat for sale
Ryton, Tyne and Wear NE40 4TX
studio Flat Property description
Auction Date Commencing on Monday 29th September at 1pm and ending 24 hours later on Tuesday 30th September at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeastFully Let Mixed-Use Investment – £33,240 Annual Income
For viewings requests, please contact Your Move Crawcrook on O[use Contact Agent Button]
An excellent opportunity to acquire a fully let mixed-use investment property comprising three self-contained flats and a ground floor retail unit, generating a strong rental income.
The accommodation includes:
11A Main Street – One-bedroom flat, sold with sitting tenant paying £495 PCM
11B Main Street – One-bedroom flat, sold with sitting tenant paying £450 PCM
11C Main Street – Two-bedroom flat, sold with sitting tenant paying £575 PCM
Ground Floor Shop Premises – Let on a 10-year lease at £1,250 PCM (currently let, though no trading business has commenced)
Total Current Income: £2,770 PCM / £33,240 per annum
Located on Crawcrook’s Main Street, the property is well-positioned close to local shops, amenities, and transport links, making this an attractive long-term investment.
Auctioneer’s Note:
This lot offers a ready-made investment opportunity with an established rental income stream. Buyers are advised to consult the legal pack for full tenancy details.
Tenure: Freehold (further details within the legal pack)
EPC Ratings: Available within the legal packTenure: FreeholdEPC Rating: see legal packAdministration Fee: £3600 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Please register to bid via our website - auctionhouse.co.uk/northeastFully Let Mixed-Use Investment – £33,240 Annual Income
For viewings requests, please contact Your Move Crawcrook on O[use Contact Agent Button]
An excellent opportunity to acquire a fully let mixed-use investment property comprising three self-contained flats and a ground floor retail unit, generating a strong rental income.
The accommodation includes:
11A Main Street – One-bedroom flat, sold with sitting tenant paying £495 PCM
11B Main Street – One-bedroom flat, sold with sitting tenant paying £450 PCM
11C Main Street – Two-bedroom flat, sold with sitting tenant paying £575 PCM
Ground Floor Shop Premises – Let on a 10-year lease at £1,250 PCM (currently let, though no trading business has commenced)
Total Current Income: £2,770 PCM / £33,240 per annum
Located on Crawcrook’s Main Street, the property is well-positioned close to local shops, amenities, and transport links, making this an attractive long-term investment.
Auctioneer’s Note:
This lot offers a ready-made investment opportunity with an established rental income stream. Buyers are advised to consult the legal pack for full tenancy details.
Tenure: Freehold (further details within the legal pack)
EPC Ratings: Available within the legal packTenure: FreeholdEPC Rating: see legal packAdministration Fee: £3600 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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First listed
3 days agoRyton, Tyne and Wear NE40 4TX
Marketed by
Auction House - North East 15 Beach Road South Shields, Tyne & Wear NE33 2QACall agent on 020 8115 2054
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Monthly repayment
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.
Ryton, Tyne and Wear NE40 4TX - Streetview
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