Portfolio of Residential BTL Properties in Washington, Tyne
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- 21 residential dwellings concentrated in Washington, Tyne and Wear.
- Tenures of 20 no. Freehold and 1 no. Long Leasehold
- A fully tenanted portfolio let by way of Assured Shorthold Tenancy agreements
- Generating a gross rent reserved of £142,920 per annum, with considerable reversionary potential to an ERV of approximately £157,500 per annum.
- Robust and sustainable occupational demand experienced in Washington
- Excellent asset management opportunities including portfolio rental review, refurbishment and breakup
- Available as an entire portfolio or in piecemeal lots
- Seeking all expressions of interest
Description
The Properties
The portfolio comprises 20 terrace / end terrace dwelling houses and one ground floor apartment. The majority of these properties offer 3 bedrooms with the addition of one 1-bed, two 2-beds and three 4- bed homes.
All dwelling houses are compliant with current MEES regulations with the majority of the portfolio holding an EPC rating of D. Internally, we understand all properties are in a tenantable condition, with fitted kitchens and bathrooms. Please note, the vendor is understood to let all properties without the benefit of furniture.
All 21 units are conveniently concentrated around a relatively small geographical area which proves convenient from a management perspective.
The portfolio is fully tenanted by way of Assured Shorthold Tenancy agreements, and currently offers a gross rent reserved of £142,920 per annum. Historically, the portfolio has maintained an occupancy rate above 95%.
Considerable asset management opportunities exist, with potential to increase the rental income to approximately £157,500 per annum.
Further details are to be made available within a dedicated data room. Please get in touch for access details.
Brochures
Portfolio of Residential BTL Properties in Washington, Tyne
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Pelaw Metro Station2.8 miles
- South Hylton Metro Station2.9 miles
- Heworth Station3.1 miles
Notes
Disclaimer - Property reference 223079. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by WATLING REAL ESTATE LIMITED, Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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