NEPI are delighted to present our clients with an exceptional freehold property. Available with a government backed 5 year lease this investment offers and excellent opportunity to own a property with competitive and regular income. With the rent set at £9,124.70 pa the gross yield generated is 13.3% The property requires a refurbishment to bring it to the standard required for the lease available. Comprises of 3 bedrooms, lounge, dining room, kitchen, up stairs bathroom. Externally there is a yard to rear. Benefits from gas central heating and double-glazed windows. Situated in Spennymoor town centre this is an ideal long-term investment.
North East Property Lettings & Management Ltd
11 Riverside Studios
Newcastle Upon Tyne
Tyne and Wear