Collingham, Newark House for sale

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Collingham, Newark House for sale

Collingham, Newark
£425,000

Our Summary

  • Freehold investment opportunity 147 and 149 Low Street, 6 and 7 Brooklands close, Collingham, Newark, NG23 7NN producing a gross income of £21,600 per annum
  • There is a garden and a garage block with potential for development subject to planning permission
  • Freehold Investment Opportunity producing £21,600 per annum
  • Garden & garage block with development potential
  • Garden & garage block with development potential

Description

A freehold investment property in Collingham, Newark, comprising three self-contained flats and a garage block, is available for sale. The property produces a gross income of £21,600 per annum and is being offered for sale at a guide price of £425,000. The flats are let on assured short-hold tenancies, with one flat subject to a long leasehold interest with 88 years unexpired. The property is situated in the Collingham conservation area, within walking distance of local amenities, including a primary school, shops, medical centre, and railway station. The property has a mix of two and one-bedroom flats, with varying room sizes, and includes a garden and a garage block with potential for development subject to planning permission.