Property description

This delightful two bedroom duplex-apartment has excellent views over City skyline as well as to woodland to side. It is superbly sited in the City Centre and currently has tenants contracted on a shorthold tenancy who pay their rent on time and live in a property fully managed by ourselves.

Whilst ideally an Investor would find this property attractive with such tenants occupying, the property is potentially available to an owner-occupier subject to the statutory notices being provided to the existing tenants by the current landlord.

The apartment itself is accessed by a communal entrance and via stairs. It has an allocated parking bay and provides great views across the City skyline to one side and to woodland to the other.

Internally the apartment has an entrance hall with spiral staircase to the next level where the buyer will find an extensive bedroom with en-suite shower room and walk in wardrobe which could serve potentially as a small office for those home-working. From the bedroom are excellent views.

On the lower level there is a lounge leading into a well-appointed and sizeable kitchen with plumbing for a washing machine, electric oven, electric hob, space for a table, and space for a fridge. On this floor too is a bathroom with bath, shower over bath, shower screen, Wc and washbasin with tiled flooring.

An additional bedroom is also located on this lower floor.

With a gross rental yield of approx. 5% per annum, the duplex will attract tenants due to its location to City amenities and size but with existing tenants in place, Investors will have immediate income. Potential owner-occupiers can also enjoy such benefits, should they wish to purchase.

The lease on this apartment started in July 2006 for 125 years with 109 years remaining. We are reliably informed by the Vendor that Ground Rent payable is 382.87 per annum and the Service Charge for 2021-22 is 1334.35 per annum.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum of six months, with the exception of short-term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QDR210002/8

Description

This delightful two bedroom duplex-apartment has excellent views over City skyline as well as to woodland to side. It is superbly sited in the City Centre and currently has tenants contracted on a shorthold tenancy who pay their rent on time and live in a property fully managed by ourselves.

Whilst ideally an Investor would find this property attractive with such tenants occupying, the property is potentially available to an owner-occupier subject to the statutory notices being provided to the existing tenants by the current landlord.

The apartment itself is accessed by a communal entrance and via stairs. It has an allocated parking bay and provides great views across the City skyline to one side and to woodland to the other.

Internally the apartment has an entrance hall with spiral staircase to the next level where the buyer will find an extensive bedroom with en-suite shower room and walk in wardrobe which could serve potentially as a small office for those (truncated)

Council Tax

Durham County Council Band D

Floor Plan
Amenities

EPC Rating C

Delightful 2 Bedroom Apartment

Two Storey Duplex

With Parking Space

Views To City And Fields

For Landlord Or Owner Occupier

Currently Tenants On Shorthold Tenancy

Lease Of 109 Years Remaining

Council Tax Band D

Floor Area 104 Sq Mtrs