2 bed maisonette for sale

James Mather Street, South Shields NE33

Property Reference number : 264538

ideal investment opportunity | 2-bed maisonette - Freehold - 2 full bathrooms

A charming 2-bed maisonette boasting with two bedrooms, located in the heart of South Shields town centre.
This residence enjoys a prime position with convenient access to South Shields town centre, picturesque coastline, local shops, amenities, and schools. Morrisons and Metro station are only 5-min walk. The property has free on-street parking.

The property already generates £625+£800= £1425 in revenue every single month.
This property is generating 13.5%+ in rental yield at the moment.

Payment terms:
The purchaser enters into a Reservation Agreement and pays a non-refundable Reservation Fee equal to 4.5% of the property’s purchase price (inclusive of VAT), with a minimum payment of £6,600 (inclusive of VAT). This fee secures the property for the buyer throughout the Reservation Period and is separate from the purchase price. It is, however, included in the Stamp Duty Land Tax (sdlt) assessment.

An administration fee of £300 Incl VAT is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Council Tax: A

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Property Reference number : 264538