4. Flat for sale in Gateshead, NE10

Flat for sale in Gateshead, NE10

Baltic Road, Gateshead, NE10

£64,950

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Agent details

This property is listed with:
Property Webwise Ltd
290 Elgin Avenue, London
Telephone:
020 7121 8000

More properties from this Agent

 
Overview ›

Full Details for Flat for sale in Gateshead, NE10 :

We are delighted to introduce you to a unique investment opportunity in a care facility providing accommodation and onsite education courses for individuals with learning disabilities located in Gateshead. Learning Disability accommodation and education facilities across the country are in short supply. This facility will be the first facility in England to bring together advanced living for people with learning disabilities who are transitioning from home or more formal setting towards their own independence.  The Education arm will also supply onsite accredited education courses to help the service user lead a fulfilling and productive life. The Local Authority are supporting this project due to the huge demand for facilities such as this. This also provides further reassurance in terms of investment returns.

KEY FEATURES

Receive 10% net returns for 10 years on completion

Unique, pioneering  Care Accommodation and Education facility with Local authority support

Total price £64,950

Earn 5% on money's deposited before completion

Guaranteed buy back at end of year 10 at 110% which equates to £71,445

Reserve your unit now for £5,000

 

Exit Strategies

Guaranteed Buy Back Option at end of year 5 with a 7.5% uplift on original price £64950 + £4871.25 = £69821.25

Guaranteed Buy Back Option at end of year 10 with a 10% uplift on original price £64950 + £6495     = £71445

 

Sales Process

Reserve your unit now for just £5,000

Your balance of first payment will be due within 28 days from receipt of reservation contract.

Buyers solicitor will then be engaged. Financial return paid in arrears quarterly direct to your

nominated bank account.

5% interest (paid quarterly in arrears) until refurbishment has been completed 1st September 2016,

when the total funds of £65k are received at exchange.

Payment Structure

Reservation Fee of  just £5000 deposit

UK solicitors instructed and contracts issued

First instalment of £26000 due at exchange of contracts 28 days after reservation

Second instalment of £26000 due February/March 2016

Completion monies £7950 due July 2016


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House Prices for houses sold in NE10 0SB

Stations Nearby

Heworth
0.8 miles
Manors
1.7 miles
Newcastle
2.0 miles

Schools Nearby

Keelman's Way School
2.2 miles
Royal Grammar School (Newcastle)
2.2 miles
Central Newcastle High School
2.2 miles
St Vincent's RC Primary School
0.4 miles
Brandling Primary School
0.6 miles
Central Walker Church of England Vountary Controlled Primary School
0.6 miles
Heworth Grange Comprehensive School
1.1 miles
Ateres Girls High School
0.9 miles
Walker Technology College
1.1 miles