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1 bed flat
Quebec Street, Langley Park, Durham DH7
£125,000
Quebec Street, Langley Park, Durham DH7
£125,000
Our Summary
- Welcome to this fantastic investment opportunity on Quebec Street, Langley Park
- An already impressive yield, making it a lucrative investment opportunity
- Don't miss out on this excellent investment opportunity
- Low Maintenance: Well-maintained commercial unit and residential flat, reducing the need for immediate renovations
- Prime Location: Situated on Quebec Street, Langley Park, this property offers excellent visibility and access to potential customers
Description
This fantastic investment opportunity on Quebec Street, Langley Park, consists of a spacious commercial unit with a one-bedroom residential flat above, both currently tenanted. The commercial unit, which features ample space for various businesses, is rented out for £700 per month, while the residential flat, which offers cozy living quarters, is occupied and generates £375 per month in rent. With a combined monthly rental income of £1075, the property offers a lucrative 10.32% yield, making it an ideal prospect for investors. The property's prime location on Quebec Street, with high visibility and foot traffic, ensures a steady stream of customers for the commercial unit, while its proximity to local amenities, transport links, and community services makes it an attractive option for potential tenants.