1 bed flat for sale

Pandongate House, Newcastle Upon Tyne, Tyne And Wear NE1

**Tenanted Investment Opportunity**One Bedroom Apartment**8.5% Gross Yield (Pre Service Charge)** Pandongate House, a former Victorian bonded warehouse was originally constructed in the late 1800s to support the city's booming post-medieval maritime trade. The building was converted to residential use in 2004 by Charles Church Developments, with the creation of sixty four apartments. Located on City Road, the development is well-placed for access to both Newcastle Quayside and City Centre amenities. Occupying a third floor position on the favoured south side of the building, this one bedroom apartment features an industrial aesthetic, with exposed brick walls, and includes a Private Entrance Hall, an open-plan Living Room/ Dining Room and Kitchen Area, a Double Bedroom, and a Bathroom. Accessed from a gated Communal Courtyard, the property further benefits from lift access, double glazing, electric heating. The flat generates a rent of £850 per calendar month.

Material Information:
Council Tax Band - B
Tenure - Leasehold
Lease Length Remaining - 102 years
Service Charge - £1200 per annum
Ground Rent - £25 per annum
Parking - N/A