Front Street, Hetton-Le-Hole, Houghton Le Spring

Property Details: • Type: Block of Apartments • Tenure: N/A • Floor Area: N/A

Key Features: • INVESTMENT AND DEVELOPMENT OPPORTUNITY • ANNUAL RENT OF £24,600 • 4 FLATS • 3 x 2 BED • 1 x 3 BED • LONG TERM TENANTS • CLOSE TO EXCELLENT LOCAL AMENITIES • FREEHOLD • OFF STREET PARKING AREA

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Haroldville, Gillas Lane East, Houghton Le Spring, DH5 8LB

Full Description: INVESTOR ALERT... a block of FOUR tenanted flats situated on Hetton Le Hole with an annual income of £24,600 giving a 118.08%. Each Flat is self contained and benefits from gas central heating, double glazing, kitchen and bathroom. The property also benefits from an enclosed yard with a gate that has off street parkingFurther Information - Flat 1- Living Room- Kitchen- 3 Bedrooms- BathroomFlats 2,3, and 4- Living Room- Kitchen- 2 Bedrooms - BathroomFLAT 1 let at £7200 per annumFLAT 2 let at £7200 per annumFLAT 3 let at £4800 per annumFLAT 4 let at £5400 per annumAchieving a total rent of £24,600 per annum giving a gross yield of 8.5% with potential to redevelop further. Situated on a LARGE PLOT.Please Note - Please note that all sizes have been measured with an electronic measuring tape and are approximations only. Under the terms of the The Consumer Protection from Unfair Trading Regulations 2008 we are obliged to point out that none of the services described in these particulars have been tested by ourselves. We present these details of the property in good faith and they were accurate at the time at which we inspected the property. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of presentation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it.Mortgage Advice - It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance. If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation. This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service.BrochuresFront Street, Hetton-Le-Hole, Houghton Le SpringBrochure