Property description

IN EXCESS OF A 10% YIELD! A SUPERB INVESTMENT OPPORTUNITY OFFERED FOR SALE ON A FULLY LET BASIS AND CURRENTLY GENERATING £19,240 (WITH THE DUTY TO PAY UTILITY BILLS OUT OF THIS). THE PROPERTY IS LOCATED CLOSE TO LINTHORPE ROAD, AND THE UNIVERSITY OF TEESSIDE. PROPERTIES OF THIS SIZE, AND ABILITY TO GENERATE THIS LEVEL OF RENT, ARE RARELY AVAILABLE. THERE IS POTENTIAL TO INCREASE THE RENTAL RETURN ALSO, DUE TO ONE ROOM BEING ON A REDUCED RENT. MORE DETAILS AVAILABLE ON REQUEST

Entrance Hall
The property is accessed through a uPVC double glazed door from Princes Road, into the Entrance Hall. The Hall allows access to the ground floor accommodation and also the first floor accommodation via a open plan staircase.

Lounge (Bedroom 4) - 11\‘ 7\‘\‘ x 10\‘ 10\‘\‘ (3.53m x 3.30m)
A spacious reception room currently being utilised as a Bedroom, which has a uPVC double glazed window to the front elevation, and a radiator.

Lounge / Communal Room - 11\‘ 8\‘\‘ x 11\‘ 0\‘\‘ (3.55m x 3.35m)
Another spacious reception room offering a rear facing uPVC double glazed window and a radiator.

Kitchen - 14\‘ 6\‘\‘ x 8\‘ 1\‘\‘ (4.42m x 2.46m)
A modern fitted Kitchen offering wall and base units, with contrasting work surfaces set over inset with a sink and drainer unit, and allowing space for white goods and a cooker point, a wall mounted boiler, a uPVC double glazed window and a radiator.

Bathroom
A groundfloor Bathroom which offers a three piece suite comprising of; panel bath with shower over, a wash hand basin, and a low level w.c. In addition there is gas central heating radiator and double glazed window to side aspect

FIRST FLOOR

Landing

Bedroom 1 - 10\‘ 10\‘\‘ x 8\‘ 10\‘\‘ (3.30m x 2.69m)
Double glazed window to front aspect, gas central heating radiator and storage cupboard.

Bedroom 2 - 9\‘ 8\‘\‘ x 11\‘ 11\‘\‘ (2.94m x 3.63m)
A spacious second bedroom offering a uPVC double glazed window and a radiator.

Bedroom 3 - 8\‘ 4\‘\‘ x 9\‘ 4\‘\‘ (2.54m x 2.84m)
A final Bedroom offering a Double glazed window to rear aspect and gas central heating radiator.

EXTERIOR
A wall enclosed yard to the rear of the property with gated access to the communal alley beyond.

Property Features :

• GENERATING A GROSS ANNUAL RENTAL INCOME OF £19,240 (INCLUDES BILL PAYMENTS)
• CURRENTLY LET OUT TO STUDENTS - ON A 52 WEEK CONTRACT BASIS
• 3 BEDROOMS, LOFT CONVERSION & 2 RECEPTION ROOMS
• MODERN KITCHEN, GAS CENTRAL HEATING & DOUBLE GLAZING
• LOCATED CLOSE TO THE UNIVERSITY OF TEESSIDE & LINTHORPE ROAD