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Courtyard Beasley Avenue, London... Residential portfolio for sale
Courtyard Beasley Avenue, London Road, Newcastle Under Lyme Staffordshire ST5
£625,000
Courtyard Beasley Avenue, London Road, Newcastle Under Lyme Staffordshire ST5
£625,000
Our Summary
- for sale under an auction contract
- Legal & Auction Information
- Legal Pack: For full tenure, service charge, and RTM documentation, see our auction legal packs
- Auction Details: [Insert lot number, auction date, and guide price here once confirmed
- Guide Price: £625,000 – see auction pack
- Firstly, Newcastle-under-Lyme block of flats at The Courtyard offers a rare freehold investment opportunity in Staffordshire
- Subject to planning permission, there is scope to enhance unit layouts or pursue short-term lets
- Online bidding is enabled for the April 2024 auction, with the legal pack—covering title deeds, leases and floor plans—available for immediate download
Description
This is a rare opportunity to acquire a block of five leasehold apartments in the heart of Newcastle-under-Lyme, Staffordshire, along with the established Right to Manage (RTM) company for the building. The apartments are located on Beasley Avenue, off London Road, and feature communal parking bays, a shared courtyard, and double-glazed windows. The RTM company gives the buyer direct control over service charges, maintenance, and management decisions for the entire block, providing a unique investment opportunity. The property is situated in a popular area with strong rental demand, close to transport links, shops, and universities, and has potential for capital growth and income streams. The guide price is £625,000, and the buyer's premium is 2% of the sale price, with a minimum of £5,000 + VAT upon exchange of the contract.