9 Bed Flat For Sale Marine Avenue, Whitley Bay, NE26

£600,000- Flat

1 of 4
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Last Updated: 18th April 2024

Description

A great opportunity for any investor looking to build on their property portfolio. Made up of 5 properties that consists of 4 flats and a 2 bedroom semi-detached home in the Whitley Bay and North Shields area, all of these properties have seen consistent returns and been successful investments. The current income from all 5 properties is £30,680 per annum. The properties are located in the following areas.

Belford Terrace NE30 2DA - 3 Bed 1st floor flat.
Currently let out for £475pcm

Margaret Road NE26 2PQ - 1 Bed 1st floor flat
Currently let out for £470pcm

Margaret Road NE26 2PQ - 1 Bed ground floor flat
Currently let out for £470pcm

Brookland Terrace NE29 8EU - 2 Bed ground floor flat
Currently let out for £440pcm

Houxty Road NE25 9QN- 2 Bed semi-detached house
Currently let out for £170pw

Please get in touch with our office for further details.
Rettie Newcastle
101 St Georges Terrace, Jesmond, Newcastle, NE2 2DN



Misrepresentations

1. The property is sold with all faults and defects, whether of condition or otherwise and neither the seller nor Rettie Newcastle LLP, the selling agent, are responsible for such faults and defects, nor for any statement contained in the particulars of the property prepared by the said agent.

2. The Purchaser(s) shall be deemed to be knowledgeable that he has not entered into contract in reliance on the said statements, that he has satisfied himself as to the content of each of the said statements by inspection or otherwise and that no warranty or representation has been made by the seller or the said agents in relation to or in connection with the property.

3. Any error, omission or mis-statement in any of the said statements shall not entitle the purchaser(s) to rescind or to be discharged from this contract, nor entitle either party to compensation or damages nor in any circumstances to give either party any cause for action.

Proof and Source of Funds/Anti Money Laundering

Under the HMRC Anti Money Laundering legislation all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds. This may include evidence of bank statements/funding source, mortgage or confirmation from a solicitor the purchaser has the funds to conclude the transaction.

All individuals involved in the transaction are required to produce proof of identity and proof of address.

This is acceptable either as original or certified documents.
Agent Details
Rettie & Co
101, St. Georges Terrace, Newcastle Upon Tyne, NE2 2DN
Show Contact Number
0191 338 9999

Investment Analysis

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Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested