Property photos
Fixed price
£65,000
(£153.30/sq. ft)
Block of flats for sale
Horsemarket, Barnard Castle DL12424 sq. ft
Local area information
Property location
Nearby amenities
- St Mary's Roman Catholic Voluntary Aided Primary School, Barnard Castle 0.2 miles
- Montalbo Nursery & Primary School 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Investment Consideration:
Gross Initial Yield: 8.31%
Rental Income: £5,400 p.a.
VAT is not applicable to this property
Comprises self-contained 1-bedroom flat situated at first floor
Newly replaced roof and refurbished communal areas (£40,000)
Town centre location with occupiers nearby including Morrisons, Costa Coffee, Specsavers, Co-Op Food, Boots, Hays Travel and more.
Property Description:
Comprises self-contained 1-bedroom flat at first floor, accessed from the rear via communal alleyway from the main street. The property provides the following accommodation and dimensions:
First Floor Flat 2 - 39 sq m (424 sq ft)
1 Bedroom, Kitchen, Living Room, Bathroom
Tenancy:
Flat 2 is at present let on AST to an Individual for a term of 6 Months from 18th August 2023 (holding over) at a current rent of £5,400 p.a. Deposit held of £450.
Tenure:
Long Leasehold. To be held on a 125 Year lease from completion at a ground rent of peppercorn.
Location:
Barnard Castle is located just north of the A66, approximately 16 miles West of Darlington and draws on an extensive, wealthy hinterland. The popular Market Town is situated in North Yorkshire with an affluent residential population. The property occupies a prominent location in Horsemarket opposite Costa Coffee and Boyes Department Store and close to Coop, Heron Foods, Holland & Barrett, Boots, and more.
Gross Initial Yield: 8.31%
Rental Income: £5,400 p.a.
VAT is not applicable to this property
Comprises self-contained 1-bedroom flat situated at first floor
Newly replaced roof and refurbished communal areas (£40,000)
Town centre location with occupiers nearby including Morrisons, Costa Coffee, Specsavers, Co-Op Food, Boots, Hays Travel and more.
Property Description:
Comprises self-contained 1-bedroom flat at first floor, accessed from the rear via communal alleyway from the main street. The property provides the following accommodation and dimensions:
First Floor Flat 2 - 39 sq m (424 sq ft)
1 Bedroom, Kitchen, Living Room, Bathroom
Tenancy:
Flat 2 is at present let on AST to an Individual for a term of 6 Months from 18th August 2023 (holding over) at a current rent of £5,400 p.a. Deposit held of £450.
Tenure:
Long Leasehold. To be held on a 125 Year lease from completion at a ground rent of peppercorn.
Location:
Barnard Castle is located just north of the A66, approximately 16 miles West of Darlington and draws on an extensive, wealthy hinterland. The popular Market Town is situated in North Yorkshire with an affluent residential population. The property occupies a prominent location in Horsemarket opposite Costa Coffee and Boyes Department Store and close to Coop, Heron Foods, Holland & Barrett, Boots, and more.
More information
Listed by
Blue Alpine Partners
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Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.