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Lemington, Newcastle upon Tyne NE15 6 bed maisonette for sale
Northumberland Road, Lemington, Newcastle Upon Tyne NE15
£159,950
Northumberland Road, Lemington, Newcastle Upon Tyne NE15
£159,950
Our Summary
- Residential accommodation requires full and comprehensive renovation and updating, residential accommodation previously achieved £28,8000 per annum
- Property is being sold under market value to reflect extensive refurbishments to residential element required
Description
This property is a residential and commercial premises that requires a full and comprehensive renovation and updating. Despite its current condition, the residential element has previously generated £28,800 per annum, while the commercial premises currently brings in £6,600 per annum. The garage at the rear is also rented separately and could potentially earn an additional £3,500 per annum. Due to the extensive refurbishments required to bring the residential element up to date, the property is being sold at a reduced price, making it a unique opportunity for an investor or developer to acquire a valuable asset at a discounted rate.