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For Sale
£550,000

Block Of Apartments, Cleveland Avenue, Darlington, DL3

Cleveland Avenue, Darlington, DL3


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Sillars | Investments, Lettings & Management

Blackwell Business Centre, 1 Blackwell Lane, Darlington

Description

Introducing a rare investment opportunity in the prestigious West End – a block of five self-contained flats generating a lucrative income of £2,545 per calendar month. Boasting a prime location and all units fully occupied, this block of 5 apartments presents a turnkey investment tailor-made for discerning investors seeking stable returns in a sought-after locale.

Each flat exudes contemporary charm and functionality, providing comfortable living spaces tailored to modern lifestyles. The interiors are thoughtfully designed to maximise space and natural light, ensuring a welcoming ambience throughout. From sleek kitchens equipped with modern appliances to cosy bedrooms and well-appointed bathrooms, each unit epitomises urban living at its finest.

The existing rental income of £2,545 per month reflects the property's potential to yield solid returns from day one. Moreover, with the opportunity to enhance rental yields to an impressive £3,225 per month, astute investors can capitalise on the property's scope for growth and increased profitability.

Positioned in the prestigious West End, residents enjoy proximity to an array of amenities, including upscale dining, boutique shopping, and cultural attractions. The neighbourhood's vibrant atmosphere and cosmopolitan flair create a highly desirable setting for tenants, ensuring a high demand for rental accommodations.

Whether you are a seasoned investor looking to expand your portfolio or a newcomer seeking a hassle-free income stream, this block of apartments offers a rare chance to secure a prime property in a sought-after location. Investors can benefit from the steady rental income provided by fully occupied units while tapping into the potential for increased returns in the future.

In summary, this block of apartments presents a compelling investment opportunity in the heart of the West End. With its attractive rental income, scope for growth, and ideal location, the property is perfectly poised to deliver long-term financial rewards to savvy investors. Don't miss your chance to own a piece of prime real estate in this exclusive neighbourhood – schedule a viewing today and explore the potential of this exceptional investment opportunity.

Key Features

  • Block of 5 Self Contained Flats
  • £2,545pcm income
  • Scope to Increase to £3,225
  • West End
  • Perfect For investors
  • All Occupied

Property Details

  • Property type: Block Of Apartments
  • Plot Sq Feet: 4,693 sqft
  • Council Tax Band: TBD
  • Tenure: Leasehold
  • Lease Expiry: -
  • Ground Rent:
  • Service Charge: Not Specified
Please note, property and plot sizes displayed are for guidance purposes only and may have been derived from publicly available information over which neither the agent nor Street.co.uk have control.

Location

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Disclaimer - Property ID b5d1d842-c396-4209-b4fd-446bfe5ee2d0. The information displayed about this property comprises a property advertisement. Street.co.uk and Sillars | Investments, Lettings & Management makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Street.co.uk has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the advertising agent. Please contact the agent or developer directly with any questions about this listing.