Investment Opportunity – Tenanted Modern One Bedroom Apartment in Colombo Square, Gateshead

Introducing a promising investment opportunity in Colombo Square, Gateshead, Bricks & Mortar is pleased to present this modern one-bedroom apartment. Situated in close proximity to both Gateshead and Newcastle’s quayside, this property appeals to professional renters seeking a desirable location. The apartment offers a range of appealing features, including an allocated parking space, visitor parking, and well-maintained communal grounds. Access to the apartment is facilitated by stairs and a lift, while a secure door code entry and intercom system ensure added security.

Internally, the apartment showcases neutral decor and comprises a spacious living room, dining area, and kitchen. The living space seamlessly flows into a private balcony through patio doors, creating an inviting outdoor retreat. The kitchen is equipped with integrated appliances, including a fridge freezer, and is complemented by attractive wall and white units.

The bedroom within the apartment is of a generous size, providing comfortable living quarters. The bathroom features a white suite and tasteful beige tiling, enhancing the overall aesthetic.

It is important to note that the property is currently occupied by professional tenants. Additionally, the current owners have provided the following details:

Leasehold: The property is leasehold, with a tenure term of 125 years from 1 January 2006.
Annual Service Charge: As of 2022, the annual service charge amounts to £1,228.
Ground Rent: The ground rent is fixed at £190.24 until 2026.
Council Tax band: B

This investment opportunity presents an enticing option for astute investors seeking a tenanted modern apartment in a prime location. Don’t miss out on the chance to add a profitable asset to your portfolio.Disclaimer – These particulars are for guidance only and do not form part of any contract. Whilst care has been taken in their preparation, we do not hold ourselves responsible for any inaccuracies. They are issued on the understanding that all negotiations will be conducted through this company.

Bricks & Mortar Group Give Notice That;- 1. These particulars do not constitute any part of an offer or a contract. 2. All statements contained in these particulars to this property are made without responsibility on the part of the Agents or the Vendor/Lessor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4.

The particulars, various plans, photographs, descriptions and measurements have been carefully prepared,but their accuracy is not guaranteed and any intending Purchasers/Lessees shall satisfy themselves by inspection or otherwise as to their correctness. No omission, accidental error or misdescription shall be a ground for a claim neither for compensation nor the recession of the Contract by either the Vendor/Lessor or the Purchaser/Tenant. 5.

Neither the Vendor/Lessor nor Bricks & Mortar Group nor any person in employment has any authority to make or give any representation or warranty in relation to the property. 6. The copyright of all details, photographs and floorplans remain exclusive to Bricks & Mortar Group and no third party shall use these without express written consent by the company.

KEY FEATURES

• Great for first time buyers
• Close to Quayside
• Modern Finish
• Allocated Parking

• Leasehold
• Juliet Balcony
• Spacious Apartment
• intercom entry