6x houses on Rosemary Close, Cardoon Road and Meadowsweet Close, Consett, County Durham

Residential Investment Portfolio For Sale

Guide price of £725,000

Key Features

Features
Residential investment portfolio
6 properties fully let on individual terms
Popular Consett town centre location
Passing rent of £36,240 per annum.
Net initial yield of 4.74%
Transport
0.3 miles from Consett Bus Station
12.6 miles from Durham Train Station
0.3 miles from A692
11 miles from A1(M)
2.5 miles from A68

Property Description

LOCATION

The subject properties are located on Rosemary Court, Meadowsweet Court and Cardoon Road in Consett. The properties are all within close proximity to each other and are approximately 0.2 miles from Consett town centre.

Consett is a town in the north west of County Durham, approximately 14 miles south west of Newcastle upon Tyne and 13 miles north west of Durham.

Consett is accessed by the A692 and A694, both of which provide direct access to the A1(M) (11 miles to the north east) and the A694 links with the A68 (2.5 miles to the south west). The properties also benefit from being 0.3 miles from Consett Bus Station which provides public transport links to surrounding towns, villages and cities including Durham and Newcastle city centres.

DESCRIPTION

The portfolio comprises 6 residential dwellings that consist of a mixture of apartments, semi detached, detached and terraced houses and range from 2 to 4 bedrooms.

1 Rosemary Close is a 3 bedroom terraced house.

4 Rosemary Close is a 2 bedroom apartment with a garage.

3 Cardoon Road is a 3 bedroom semi-detached home with a garage.

7 Cardoon Road is a 3 bedroom semi-detached home with a garage

11 Cardoon Road is a 4 bedroom detached house with a garage.

7 Meadowsweet Close is a 3 bedroom detached house.

ACCOMMODATION AND TENANCY INFORMATION                                                     

Property

Lease Terms

Rent (PCM)

Size (ft²)

EPC Rating

1 Rosemary Close, Consett

Tenant in occupation for 12 years. Currently holding over

£425

TBC

Awaiting EPC Rating

4 Rosemary Close, Consett

6 month AST from 2nd October 2020

£425

592

C80

3 Cardoon Road, Consett

Tenant in occupation for 11 years. Currently holding over

£500

TBC

Awaiting EPC Rating

7 Cardoon Road, Consett

Tenant in occupation for 8 years. Currently holding over

£500

818

C71

11 Cardoon Road, Consett

Tenant in occupation for almost 9 years. Currently holding over

£575

TBC

Awaiting EPC Rating

7 Meadowsweet Close, Consett

Tenant in occupation for 4 years. Currently holding over

£595

TBC

Awaiting EPC Rating

 

Total 

£3,020



 

 

£36,240 per annum



TERMS

The subject property is available by way of freehold with a guide price of £725,000 (Seven Hundred and Twenty Five Thousand Pounds).

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

LEGAL COSTS

Each party is to bear their own legal costs involved in the transaction.

MONEY LAUNDERING REGULATIONS

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income. 

VIEWING

For general enquiries and viewing arrangements please contact Nicholas Bramwell at Bradley Hall.

Tel:        0191 232 8080

Email:    Nicholas.bramwell@bradleyhall.co.uk


Arrange a viewing


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