This is a fantastic 1-bedroom unfurnished apartment located in a well-maintained development in Newcastle, with a prime location close to the city centre. The property is currently tenanted, generating a consistent rental income of £700 per month, and is available for purchase at an asking price of £110,000. With a long lease of 242 years remaining, low ground rent of £107 per year, and service charge of £871 per year, this property is an ideal investment opportunity for those looking to acquire a property with an immediate rental income. The property features a bright and airy living space, a well-sized bedroom, a modern kitchen, and a bathroom, making it a comfortable home for the current tenants. With a gross yield of 7.6% and a net rental income of 6.7%, this property offers a strong return on investment.