Investment Properties for sale in Alnwick

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I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
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Freehold Price: £1,000,000
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Business Description
• Fantastic investment opportunity, unique period property providing 9 furnished apartments
• Potential rental income £47,700 per annum, totally managed
• Courtyard setting, delightful medieval market town, historically high occupancy
• Presented to high standard, rare opportunity, viewing highly recommended

Fantastic investment opportunity, Unique period property providing 9 furnished apartments in a courtyard setting, delightful medieval market town, Alnwick, Northumberland – Potential rental income £47,700 per annum, historically high occupancy, totally managed, presented to high standard, rare opportunity, viewing highly recommended. 44154

This is a very rare opportunity to acquire an impressive and historical investment property which is located within the delightful medieval market town of Alnwick in Northumberland.

Alnwick is regarded as the most picturesque market town in Northumberland, situated largely on the south bank of the River Aln approximately 30 miles south of Berwick upon Tweed and the Scottish Border and 35 miles north of Newcastle upon Tyne.

The town oozes charm and character retaining many of the cobbled streets and narrow alley ways with its fine stone buildings yet is only a short distance from the magnificent Alnwick Castle, lovely sandy beaches and stunning countryside. It’s no surprise that Alnwick is such a popular tourist destination throughout the year and was recognised “As the best place to live in Britain” by Country life in 2002.

The Corn Exchange buildings are ideally placed right at the very heart of the bustling town within easy reach of the (A1) with public transport facilities and the major commuter routes close at hand, yet occupy a peaceful and unique courtyard setting. The property was featured in series 3 of the ITV programme “Vera” which was screened in 2015.

The imposing and highly visible four storey stone fronted property comprises of 9 individual apartments that are furnished to a high standard and let out on 6 month short hold tenancy agreements with rents ranging from £425 to £460 per calendar month. The rentals are overseen by a local agency who source tenants and also manage the properties.

Demand for the apartments has historically been very strong and occupancy has typically been at or near capacity with empty dwellings usually being let within a short period of time.

This is a rare opportunity not only to acquire a significant and historical building but also a fantastic financial investment, generating significant levels of rental income which will enjoy future long term growth and appreciated value.

To fully a

Summary. This is a unique opportunity to purchase not only a piece of history but also a fantastic financial investment. With this in mind, viewing is highly recommended to avoid disappointment.
Tenure: Freehold

Listed by: Kings Business Transfer
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