Courtyard Beasley Avenue, London... Residential portfolio for sale

>

Courtyard Beasley Avenue, London... Residential portfolio for sale

Courtyard Beasley Avenue, London Road, Newcastle Under Lyme Staffordshire ST5
£780,000

Our Summary

  • for sale under an auction contract
  • Located in the heart of Courtyard Beasley Avenue on London Road in Newcastle Under Lyme, this unique property offers a fantastic investment opportunity
  • Situated in a superb location, this part block of apartments is for sale under auction terms and conditions
  • Don't miss out on this fantastic investment opportunity

Description

This unique property is a part-block of apartments located in the heart of Courtyard Beasley Avenue on London Road in Newcastle Under Lyme, offering a fantastic investment opportunity. The property consists of a range of apartments, including one, two, and three-bedroom options, each with key features such as alarms, central heating, double glazing, ample secure parking, and white goods. The lease details are attractive, with each property held under a lease for 125 years from January 2006, with 106 years unexpired, and a strong rental income potential of £46,140 per annum. The property also includes a management company, Courtyard Apartments Management Ltd, which offers an opportunity to charge service charges from 2025 and benefit from ground rents of £250 per apartment. The location is renowned for its convenience, with easy access to local amenities, schools, and public transportation, making it a desirable living environment. The property is being sold under auction terms and conditions, with a guide price of £780,000 plus, and a buyer's premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.