Block of Apartments

Alma Place, North Shields, Tyne and Wear, NE29 0LZ

Size: 325 sqm

Purchase price

£650,000

Size: 325 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £28,800
Service charge £3,905
Lettings fees £2,765
Net income £28,800
Gross yield 4.43%
Net yield 4.43%

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Excellent fully refurbished block of apartments, finished to a high spec. Enquire today to avoid disappointment.


This fantastic, unique and stunning conversion of a former period building has been transformed into three luxury apartments . The block offers buyers an amazing opportunity to own these three apartments, spread over the ground, first and second floor of this stunning period property. Located in the heart of North Shields nestled between Cleveland and Albion Road, residents will have excellent access to a huge variety of amenities. The property retains some of the original period features which make this apartment block so unique, including the original tiled flooring, high ceilings and fireplaces, as well as the original style windows with updated double glazing.

North Shields is a coastal town located at the mouth of the River Tyne and is the oldest and largest town in South Tyneside. It is one of the region’s most popular seaside resorts. For those not looking to for the City life it is only a 10 minute drive to beach and all it has to offer.

In the past year property prices in the North East have risen by 2.9% and in South Tyneside it is reported they have risen as much as 7.9%. Making it a perfect place to invest.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

Excellent location

Key features

Freehold

Key features

Block of apartments

Key features

Full refurbished

Key features

High Spec

Key features

Great transport links

Key features

Shops and amenities nearby

Key features

Freehold

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Excellent fully refurbished block of apartments, finished to a high spec. Enquire today to avoid disappointment. More info...

This fantastic, unique and stunning conversion of a former period building has been transformed into three luxury apartments . The block offers buyers an amazing opportunity to own these three apartments, spread over the ground, first and second floor of this stunning period property. Located in the heart of North Shields nestled between Cleveland and Albion Road, residents will have excellent access to a huge variety of amenities. The property retains some of the original period features which make this apartment block so unique, including the original tiled flooring, high ceilings and fireplaces, as well as the original style windows with updated double glazing.

North Shields is a coastal town located at the mouth of the River Tyne and is the oldest and largest town in South Tyneside. It is one of the region’s most popular seaside resorts. For those not looking to for the City life it is only a 10 minute drive to beach and all it has to offer.

In the past year property prices in the North East have risen by 2.9% and in South Tyneside it is reported they have risen as much as 7.9%. Making it a perfect place to invest.

  • Key features
    Tick Desktop Earn instant income
    Tick Desktop Excellent location
    Tick Desktop Freehold
    Tick Desktop Block of apartments
    Tick Desktop Full refurbished
    Tick Desktop High Spec
    Tick Desktop Great transport links
    Tick Desktop Shops and amenities nearby
    Key features

    Freehold

  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £28,800
Service charge £3,905
Lettings fees £2,765
Net income £28,800
Gross yield 4.43%
Net yield 4.43%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.