Available
Barnard Castle – 1-Bedroom Flat
Flat 1, 23a Horsemarket, Barnard Castle, County Durham DL12 8LXLong Leasehold Residential Investment
Price
£65,000
Rent P.A.
£5,520
Yield
8.49%
Tenure
Leasehold
Lease Term
12 Months
Years Left on Lease
8m
Area
424 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises self-contained 1-bedroom flat situated at second floor
- Newly replaced roof and refurbished communal areas (£40,000)
- Town centre location with occupiers nearby including Morrisons, Costa Coffee, Specsavers, Co-Op Food, Boots, Hays Travel and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises self-contained 1-bedroom flat at second floor, accessed from the rear via communal alleyway from the main street. The property provides the following accommodation and dimensions:
Second Floor Flat 1 - 39 sq m (424 sq ft)
1 Bedroom, Kitchen, Living Room, Bathroom
Second Floor Flat 1 - 39 sq m (424 sq ft)
1 Bedroom, Kitchen, Living Room, Bathroom
Tenancy Description
Flat 1 is at present let on AST to an Individual for a term of 12 Months from 18th October 2024 at a current rent of £5,520 p.a. Deposit held of £530.
Tenure:
Long Leasehold. To be held on a 125 Year lease from completion at a ground rent of peppercorn.
Tenure:
Long Leasehold. To be held on a 125 Year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Barnard Castle is located just north of the A66, approximately 16 miles West of Darlington and draws on an extensive, wealthy hinterland. The popular Market Town is situated in North Yorkshire with an affluent residential population. The property occupies a prominent location in Horsemarket opposite Costa Coffee and Boyes Department Store and close to Coop, Heron Foods, Holland & Barrett, Boots, and more.
