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Call: +44(0)1628 397840

Chad House

Development Details

Starting From:

£60,000

Number of units:

89

Completion:

March 2018

Location:

Sunderland Road, Gateshead, NE8 3HY, United Kingdom

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sold out

Chad House

Development Details

Starting From:

£60,000

Number of units:

89

Completion:

March 2018

Location:

Sunderland Road, Gateshead, NE8 3HY, United Kingdom

Key Highlights

8% Net rental income assured for 3 years

Already built - conversion to apartments

Close proximity to 4 major Universities

By train from Newcastle to London 3 Hours

Information on Chad House

  • Overview
  • Chad House Views
  • 1 Bedroom Apt
  • 2 Bedroom Apt
  • Comparables For Sales
  • Comparables For Lettings
  • Proposed Floor Plans
  • Accomodation Schedule
  • Gateshead Area
  • Trustworthy Partners
  • Market Due Diligence
  • Availabilty
80 x 1 Bedroom Apartment

£ 60,000

9 x 2 Bedroom Apartment

£ 80,000

Total Purchase Price

£ 5,520,000

Gross Rental Yield

10.1%

Net Rental Yield

8.0%

Net rental yield is assured for 3 years

SERVICE CHARGE
£575 pa - per apartment £51,175 pa
GROUND RENT
£350pa - per apartment £31,50 pa
LEASE
125 Years from 2017

Hamilton are delighted to offer this development of 89x apartments onsisting of 80 x 1 Bed and 9 x 2 Bed apartments. All newly renovated to a high standard in this converted office building.

The property is located next to Gateshead highway, with direct links to the centre of Newcastle. An excellent development situated close to all local amenities including schools, Hospitals and the abundance of bars, shops & restaurants the city has to offer

Disclaimer:Ground rent and service charge rates are provided for information purposes only and are subject to change and confirmation in the Contractual documentation provided on exchange and completion.

Gross rental yield values are estimates and provided for infoirmation purposes only.

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