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Our Summary
- For sale by online auction on Tuesday, 02 Jun 2026 ending at 11:30Portfolio of six leasehold flats in Washington, Tyne & Wear, currently income-producing (c
- £1,555 per calendar month (excluding vacant/owner-occupied units)Additional income from garage: £35 per calendar monthScope to increase rental income and letting of vacant unitsAsset management opportunity with value-add potentialAttractive guide price reflecting condition and upsideTenure: Leasehold (all units)Legal Pack: Available upon requestA compelling opportunity for investors seeking a multi-unit portfolio with existing income and significant potential for enhancement and yield growth
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
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Description
The property is a portfolio of six leasehold flats located in Washington, Tyne and Wear. The portfolio consists of a mix of one- and two-bedroom properties, with some units currently tenanted and producing rental income. The properties have a mix of conditions, with some having undergone recent refurbishments and others remaining vacant.
A garage at 72 Neville Court is currently let separately for £35 per month, adding to the reported income of approximately £1,555 per month from tenanted units. The properties have different EPC ratings, and the portfolio has value-add potential for increasing rental income and letting the vacant units.