Front Street, Consett, County Durham, DH8


Guide price

  • Bedrooms: 12
For sale by on-line auction. Option 1

An investment opportunity to purchase this "up and running" portfolio of eight flats located within the middle of Consett town centre with a rental income of approx £36,120. ( we are awaiting sight of the tenancy agreements) The development consists of two blocks of flats each consisting of 2 x two bedroom flats and 2 x one bedroom flats.

The properties have been upgraded and modernised to include double glazed windows and electric heating and illustrations below are of the room layout of a one and two bedroom flat.

Block One - communal secure entrance door with stairs leading to the first floor.

Flat 3 - entrance hall, kitchen, living room with security entry phone, bedroom and bathroom/wc.

Block Two - communal secure entrance door with stairs leading to the four flats.

Flat 5 - entrance hall, living room with security entry phone, kitchen, bathroom and two bedrooms.

Disclaimer 1None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.For sale by auction

Disclaimer 2Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £750+vat (total £900) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should

Disclaimer 3A copy of title is available upon request.Draft property details awaiting vendors approval.

Marketed by Arrange viewing 01207 438026

J W Wood - Consett

16 Middle Street, Consett

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