2 Bed Flat For Sale Frost Mews, South Shields, NE33

Modern purpose built 2 bedroom flat, built in 2006. This home is located in a pleasant and sought after residential area, with very strong rental demand and a thriving local community of owner occupiers.\r
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The freehold of this property is owned by the leaseholders which means that there is no ground rent to be paid!\r
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A fantastic opportunity for investors and owner occupiers alike, in a sought after development. Internally, this is a well presented home, with an open plan lounge/kitchen, two double bedrooms, and a family bathroom with 3 piece suite. Quite unusually for newer build flats, this property has gas central heating, for a more efficient and effective heating system. \r
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On Street parking is available outside the building. There is a specific provision in the lease granting the exclusive right to use the car parkingspace (numbered 9 in blue on the title plan).\r
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Placement is key, with a full range of supermarkets within short walking distance and access across the North East via the extensive metro network, overground public transport, and main arterial routes. South Shields is a coastal town, and the beautiful Sandhaven beach and South Shields lighthouse are just a 5 minute drive away. \r
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The property is currently rented on a periodic AST at £595PCM.\r
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Key information: \r
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Lease term remaining: 107 years\r
Lease start date: 01 January 2006\r
Lease length: 125 years\r
Lease end date: 01 January 2131\r
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Internal area: 496 Sq.Ft. (46 Sq.M.)\r
EPC rating: (2021) 77 (C) Potential 79 (C)\r
Council tax band: A \r
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Ground rent: N/A \r
Service charge: £925.98 (projected) for 2024 \r
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If this property is being purchased as an investment then we would be delighted to offer 6 months free property management via our sister company, Rent North East.\r
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BIP: Please click here to view our buyers information pack, which includes property certificates, completed TA6 and TA10 law society forms, land registry documents, and tenancy documents.