Location: Bishop Auckland
Here we have another excellent MUFB investment opportunity for our investors; an immaculate, fully-tenanted block of 8 x self-contained apartments in a prominent area of the North East – Bishop Auckland. The attractive property is spread over three floors comprised of 7 x 1-bedroom apartments and 1 x 2-bedroom apartment, all of which come fully furnished as standard. Being fully occupied by professional tenants of the immediate area, the property offers an substantial income of £4,040 PCM / £48,480 PA.
Following estimated finance and management deductions, we expect buyers to pocket c£2,290 PCM / £27,480 PA – an 18.3% NET ROI per annum. Situated just 2-minutes from Bishop Auckland Town Centre, NHS Hospital and Bishop Auckland Train Station – for easy access into Newcastle, Middlesbrough, Sunderland and the surrounding areas.
Bishop Auckland is namely one of the most promising locations within County Durham at the moment, with a large amount of investment into infrastructure, community facilities and cultural attractions having been recently completed and currently underway. This includes Auckland Tower, Spanish Gallery, Auckland Castle, Deer and Walled Park, Mining Art Gallery, Visitors Centre, Kynren open-air night show and day park, and much more; making it a great place to both reside and invest within the county.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.