George Street, Gateshead NE10 Mixed use for sale

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George Street, Gateshead NE10 Mixed use for sale

George Street, Gateshead NE10
£295,000

Our Summary

  • This is an excellent investment opportunity for the new owner

Description

Cloud Estates presents a tenanted six-bedroom house on George Street, Pelaw, which has been operating as an established HMO for over five years. The property has been refurbished to a high standard and offers a consistent rental history, with an annual rent of £39,180 and a gross yield of over 13%. The six double rooms, including five with en-suite bathrooms and one with an off-suite shower room, are let individually to professional tenants with bills included, generating a combined monthly rental income of £3,265. The property features a modern kitchen, living space, and private rear yard, and is situated in a convenient location with easy access to transport links, amenities, and surrounding arterial routes. This is an excellent investment opportunity for the new owner, offering a reliable income stream and potential for future growth.