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7,341 sq ft Other To Rent, Newton Hall DH1, £750,000 pa

Development Unit
Other in Newton Hall
Other in Newton Hall
Other in Newton Hall
Other in Newton Hall

Property ID: 151332

£62,500 / month
£750,000 pa

Newton Hall, County Durham, DH1 5LX

Type Other
Status Available
Size 7,341 sq ft / 682 sq m
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Description

14 flats available but way of a 999 year long leasehold at a peppercorn ground rent.

  • 10 two beds, 2 one beds and 2 studios.
  • Fully occupied.
  • Producing an annual income of £75,900.
  • Break up potential.
  • Rental growth to be capitalised on.

Offers in the region of £750,000 (seven hundred and fifty thousand pounds) are invited for the long leasehold interests. This represents a low capital value of £102 psf, which is lower than replacement cost.

Location

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LCP Management Ltd
LCP Management Ltd View all properties

Property ID: 151332

7,341 sq ft Other To Rent, Newton Hall DH1, £750,000 pa
£62,500 / month
£750,000 pa

Newton Hall, County Durham, DH1 5LX

Other|Available|7,341 sq ft / 682 sq m

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LCP Management Ltd
LCP Management Ltd View all properties
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LCP Management Ltd
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