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2 bedroom apartment for sale
Marine Approach, South Shields NE33
£80,000
Marine Approach, South Shields NE33
£80,000
Our Summary
- 2-Bedroom Apartment on Marine Approach, South Shields – Fantastic Investment Opportunity
Description
This 2-bedroom apartment on Marine Approach in South Shields is a fantastic investment opportunity, offering a rental income of £478 per month. The property has a long lease of 999 years from 1997 with a peppercorn ground rent and has been let to a tenant for over 8 years with a strong payment history. The apartment benefits from period features, a kitchen extension, and a large bathroom, and is located within walking distance of the beach and Westoe Crown Village shops. The area has high tenant demand, with professionals and families seeking to live in the desirable location. The property offers a solid opportunity for consistent rental returns, with a potential yield from the rental income. With its stable rental income, location, and leasehold details, this property is an attractive option for investors seeking a steady income in a sought-after area.