FOR SALE
Price: £1,150,000Tenure: Freehold
Residential Investment Opportunity
M Cheveley, Cheveley Park Shopping Centre, Carrville, County Durham, DH1 2AA
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driver.mock.homes
13,728 sq.ft (1,276 sq.m)
Features
- 17 flats available but way of a 999 year long leasehold at a peppercorn ground rent.
- Comprises two blocks.
- All flats are two bedroom.
- Producing an annual income of £81,864 with two vacant flats.
- Break up potential.
- Rental growth to be capitalised on.
- Offers in the region of £1,150,000 (one million one hundred and fifty thousand pounds) are invited for the long leasehold interests. This represents a low capital value of £83.83 psf, which is lower than replacement cost.
About The Area
M Cheveley is an established suburban shopping parade serving a densely populated residential area approximately 2.5 miles North West of Durham city centre and close to both the A1(M) and A690. The shopping centre has a mix of local and national occupiers including Sainsbury’s Local and Coopland’s amongst others together with a Medical Centre opposite.
Enquire about Residential Investment Opportunity M Cheveley
Additional Information
Our property portfolio has a wide range of size options, layouts and rental terms available.
Contact us to discuss lease terms and your requirements in more detail propertyenquiry@lcpproperties.co.uk or call: 01384 405 631
We endeavour to show actual photographs of available properties, in some instances indicative photographs of the type of properties available are used.
Therefore inspection in person is recommended to verify all information.