Property photos
Freehold
Offers in region of
£950,000
Property for sale
Eastmount Road, Darlington DL1Local area information
Property location
Nearby amenities
- Gurney Pease Academy 0.4 miles
- Corporation Road Community Primary School 0.4 miles
- North Road (Darlington) 0.4 miles
- Darlington 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Residential investment block constructed 2019 comprising 12 x 1 Bed Apartments.
10 of the apartments are occupied by way of a 3 year lease by Everyone Matters Homes cic at £71,400. The remaining two apartments are occupied by way of standard AST’s with the view that Everyone Matters Homes are likely to take occupation following the expiration of the fixed term periods.
Gross Rents: £84,600pax
A purchase at the asking price provides a net initial yield of 8.43% after assuming standard purchaser’s costs at 5.69%.
10 of the apartments are occupied by way of a 3 year lease by Everyone Matters Homes cic at £71,400. The remaining two apartments are occupied by way of standard AST’s with the view that Everyone Matters Homes are likely to take occupation following the expiration of the fixed term periods.
Gross Rents: £84,600pax
A purchase at the asking price provides a net initial yield of 8.43% after assuming standard purchaser’s costs at 5.69%.
More information
Listed by
Carver Commercial
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Property descriptions and related information displayed on this page are marketing materials provided by - Carver Commercial. 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 Carver Commercial for full details and further information.