Choices Investments are pleased to present seven, brand new two bedroom apartments with exclusive discounts, built by one of the UK’s largest housebuilders in South Shields, Tyne and Wear.
The properties form part of a larger development of new houses and represent part of a massive £30 million pound regeneration scheme in the area. This is part of why South Shields was regarded as one of the top 10 property hotspots in the UK for capital growth potential
The properties come with a new 999 year lease and a low service charge of £69pcm. The ground rent charge is only £6.25pcm. Each property comes with oven/hob extractor, floor coverings in the kitchen and bathroom and one allocated parking space. The properties will be ready in August 2017.
The properties also come with the added security of a 10 year NHBC warranty and a further 2 year maintenance package from the developer.
The rental demand in the area is good and these apartments represent an excellent investment opportunity with up to a 7.5% yield and potential 10% Return on Investment (ROI) for those buying with a buy to let mortgage*.
Floor plans, site plans and a full specification available upon request.
We anticipate strong demand for these properties and investors are advised to register their interest as quickly as possible.
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South Shields is experiencing a lot of attention as part of the wider Northern Powerhouse project. This particular development forms part of the South Shields Riverside Regeneration masterplan alongside five other neighbourhoods, and is expected to take six years to complete.
The region is home to major companies Nissan, British Airways, Proctor & Gamble, KPMG, and Sage which thrive here with the varied skillset and competitive property costs.
The area was voted in the Top ten areas for property investment in June 2017 due to the investment returns from yield and capital growth potential.
The site is located a short walk from Chichester Metro station.