Global Property Guide

Financial Information for the Residential Property Buyer

Studio

Full Description

Chad House is a development of 89 apartments consisting of 80 x 1 Bed and 9 x 2 Bed apartments offering investors a net return of 8% assured for 3 years.
Ideally located next to Gateshead Highway with its excellent links to the centre of Newcastle, these apartments in a converted office building will be newly renovated and fitted to the highest standards catering for all the tenants needs. Chad House is situated close to all local amenities including schools, Hospitals and the abundance of bars, shops & restaurants the city has to offer making this the ideal location to purchase a property.
One Bedroom apartments (Approx Size 415 Sq Ft) comprise of; Entrance Hall, Lounge, Kitchen, Good Sized Bedroom & Modern Bathroom.  The kitchens come with fitted with a range of wall and base units with complimentary work surfaces, Stainless steel sink unit, built in oven, hob and extractor, fridge freeze, splash back tiling, and sockets. 
Two Bedroom Apartments (Approx size 569 Sq Ft) comprise of: Entrance Hall, Lounge, Kitchen, Good Sized Bedrooms  & Modern Bathroom.  The kitchens come with fitted with a range of wall and base units with complimentary work surfaces, Stainless steel sink unit, built in oven, hob and extractor, fridge freeze, splash back tiling, and sockets.
Service Charge: £;575 pa - per apartment 
Ground Rent:    £;350 pa per apartment 
Lease:  125 Years From 2017
Cash Buyers Only


Key Information

Property ID: 27893497
Location: United Kingdom, England, Tyne and Wear, Gateshead, Gateshead
Categories:
  • Apartment
  • Studio
Bedrooms: 1
Bathrooms: 1
Price:
  • £60,000
  • €66,820
  • $81,470
Short Description:

Chad House is a development of 89 apartments consisting of 80 x 1 Bed and 9 x 2 Bed apartments offering investors a net return of 8% assured for 3 years.Ideally located next to Gateshead Highway with its excellent links to the centre of Newcastle, these a