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Property for sale
Dunholme Road, Benwell, Newcastle upon Tyne, Tyne and Wear, NE4 6XE
£1,600,000
Dunholme Road, Benwell, Newcastle upon Tyne, Tyne and Wear, NE4 6XE
£1,600,000
Our Summary
- For sale by Unconditional Auction Terms and Conditions
- We are delighted to bring to Auction this substantial freehold block of apartments ideally situated on the outskirts of Newcastle City Centre approximately 1
- Having been expertly managed by Northwood Estate Agents for the current landlord we have been advised that there is potential to divide (STPP) 3 of the larger apartments into additional units
Description
This substantial freehold block of apartments is located on the outskirts of Newcastle City Centre, approximately 1.5 miles west of the city centre. The property, originally built as sheltered accommodation, comprises 27 self-contained flats, including studio, one, two, and three-bedroom apartments, with potential to divide three of the larger apartments into additional units. The gross internal area is approximately 15,543 square feet, and the property is mostly let, generating an annual income of around £180,000. Externally, the property features gardens to the front, side, and rear, as well as nine parking spaces and an integral single garage currently used as storage/workshop.