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Lot 218

High-Yield Haltwhistle Apartments for Sale | Old Drapery

Guide price £ 260,000

Type of Sale

Auction

Key Features

  • currently generates an income of £40k with potential for further growth due to high demand in the area
  • currently utilized as holiday lets
  • great potential for asset management
  • presents a lucrative opportunity for investors
  • The property consists of three beautifully finished apartments spread across three floors

Description

The Old Drapery Apartments 12 Main St, Haltwhistle NE49 0AZ

Introduction

Introducing The Old Drapery Apartments, located at 12 Main St, Haltwhistle NE49 0AZ. This unique property offers a fantastic opportunity for holiday lets, with a current income of £40k and the potential for further growth due to the high demand for holiday accommodation in the area.

 

Situated on the iconic Hadrian’s Wall, The Old Drapery Apartments boast three beautifully finished apartments spread across three floors. Each apartment offers a comfortable and modern living space, perfect for guests looking to explore the historic surroundings.

 

The location of The Old Drapery Apartments is truly unbeatable. Being on Main Street, guests have everything they need right on their doorstep. Whether it’s celebrating milestones in the pub opposite, grabbing morning croissants from the local bakery, or browsing the unique shops and cafes, there is something for everyone to enjoy.

 

For those walking Hadrian’s Wall, The Drapery Haltwhistle serves as the perfect base for an overnight stop. Guests can relax in the comfortable apartments, each equipped with gas central heating, open plan lounge/kitchen/diner, and en-suite facilities.

https://worldofauctions.co.uk/location/the-old-drapery-apartments-12-main-st-haltwhistle-ne49-0az/

 

Don’t miss out on this incredible investment opportunity in a prime location. Visit the link for more details on each of the three apartments and book your viewing today: [link to property listing]

visitnorthumberland.com/explore/destinations/towns-villages/haltwhistle

https://www.visithaltwhistle.com/

The Detail

Property Description:  Spread across three floors, each apartment features one bedroom, one bathroom, and an open plan living room/kitchen layout. With great potential for asset management, this property presents a lucrative opportunity for investors.

Tenure: Freehold

Income: Currently utilized as holiday lets, generating an impressive income of £40,000 per annum with a remarkable yield of 15% per annum.

Latest net income for Holiday Let Business

3 apartments at 12 Main street Haltwhistle

Period of time Source of income proofs Net amount Balance Notes
Mid-May to Mid-June 2024 Direct from bank receipts £7160 £7160  
From Mid- June to Mid-July Direct from bank receipts £5728 £12,888  
From Mid-July to Mid-August Awaiting end of month statements £12,000 £24,888  
September 2024 – Projections   £13,000 £37,888 September figures projected only – all other figures Actuals

 

Location: Situated in the charming town of Haltwhistle, residents of The Old Drapery Apartments can enjoy the peaceful surroundings and picturesque views. Nearby, you’ll find a range of amenities including shops, restaurants, and local attractions. Conveniently located, this property offers easy access to public transportation, making it ideal for both residents and holidaymakers.

Schedule a viewing today to explore the potential of The Old Drapery Apartments.

Buyer’s Premium

The purchaser shall pay a 10% deposit. Plus, In addition a buyer’s premium of 2% of the sale price + VAT upon the exchange of contract.

 

Get in touch

Edward Swindells Consultant Auctioneer & Valuer

Location

The Old Drapery Apartments 12 Main St, Haltwhistle NE49 0AZ ///ruin.denoting.gent

Viewing Details

Interested buyers are warmly invited to view ‘The Old Drapery Apartments’ at 12 Main St, Haltwhistle, which is currently available for sale by auction.

To arrange a viewing or for any queries, you may contact our dedicated auctioneers at any time. Edward, our primary auctioneer, can be reached at 07971 033276 or via email at edward@worldofauctions.co.uk.

Alternatively, you may also reach out to Tom at Tom@palaceauctions.com.

We also have Mr George Knox Esq, our jointly instructing auctioneer at Belfund, who is available at 07963 375383.

We encourage potential buyers to take this opportunity to explore the property and appreciate its unique features and potential. We look forward to assisting you in your property journey

Accommodation

All on the Ground Floor:
Open plan living space.
Living area: Freeview TV, Nintendo Wii, Electric Fire
Dining area.
Kitchen area: Electric Oven, Electric Hob, Microwave, Fridge, Freezer, Washer Dryer
Bedroom: Double (4ft 6in) Bed
Bathroom 1: Cubicle Shower, Toilet
Gas central heating, electricity, bed linen, towels and Wi-Fi included.
On road parking. No smoking.
The Reivers Retreat is a ground floor, pet-friendly apartment, located in a building steeped in history of what was once a draper’s shop in the heart of Haltwhistle! With an open-plan living space, this apartment provides the perfect base for couples looking to explore historic Northumberland. The apartment features a cosy bedroom with a comfortable double bed, and a modern shower room. With everything you need for a comfortable and relaxing stay, including free Wi-Fi, a TV, Nintendo Wii and a well-equipped kitchen, you’ll feel right at home here.
Step outside and you’ll find yourself in the bustling centre of Haltwhistle, with a range of shops, restaurants, and cafés right on your doorstep. Haltwhistle is set in the heart of over 2000 years of history and is the geographical centre of Britain. Located beside the River South Tyne, Haltwhistle is the closest town to the centre of Hadrian’s Wall World Heritage Site and the Northumberland National Park, both being roughly 2 miles away.
It’s a great base for exploring, and Carlisle, Gretna and south west Scotland are within an hour’s drive away. Kielder Water is to the north, and to the east is the Northumbrian coast and the city of Newcastle. To the south are the northern Pennines – an Area of Outstanding Natural Beauty.
If you’re looking for a fun day out, why not head to Alnwick Castle? This magnificent castle is one of the most iconic landmarks in Northumberland, and has been featured in the famous Harry Potter movies. You can explore the castle’s stunning gardens, take a guided tour of the castle itself, or have tea in the magnificent treehouse restaurant. For those who love the coast, there are plenty of picturesque villages to explore. From the quaint fishing village of Seahouses to the charming town of Bamburgh, you’ll find plenty of beautiful beaches, scenic walks, and delicious seafood to enjoy. Whether you’re looking for a romantic getaway, or a break with friends, our apartment is the perfect choice.
All on the First Floor:
Open plan living space.
Living area: Freeview TV, Electric Fire
Dining area.
Kitchen area: Electric Oven, Electric Hob, Microwave, Fridge, Freezer, Washer Dryer
Bedroom: Double (4ft 6in) Bed
Bathroom 1: Cubicle Shower, Toilet
Gas central heating, electricity, bed linen, towels and Wi-Fi included.
No smoking.
The Drovers Rest is a first floor apartment, located in a building steeped in history of what was once a draper’s shop in the heart of Haltwhistle! With an open-plan living space, this apartment provides the perfect base for couples looking to explore historic Northumberland. The apartment features a cosy bedroom with a comfortable double bed, and a modern shower room. With everything you need for a comfortable and relaxing stay, including free Wi-Fi, a TV and a well-equipped kitchen, you’ll feel right at home here.
Step outside and you’ll find yourself in the bustling centre of Haltwhistle, with a range of shops, restaurants, and cafés right on your doorstep.
A second floor apartment situated in Haltwhistle, perfect for a couple looking for a break in the very heart of Hadrian’s Wall Country.
Second Floor:
Open plan living space.
Living area: Freeview TV, Electric Fire
Dining area.
Kitchen area: Electric Oven, Electric Hob, Microwave, Fridge, Freezer, Washer Dryer
Bathroom 1: Cubicle Shower, Toilet
Third Floor:
Bedroom: Galleried, Kingsize (5ft) Bed
Gas central heating, electricity, bed linen, towels and Wi-Fi included.
No smoking.
The Old Drapery is a second/third floor apartment, located in a building steeped in history of what was once a draper’s shop in the heart of Haltwhistle! With an open-plan living space, this apartment provides the perfect base for couples looking to explore historic Northumberland. The apartment features a cosy galleried bedroom and a modern shower room. With everything you need for a comfortable and relaxing stay, including free Wi-Fi, a TV and a well-equipped kitchen, you’ll feel right at home here.
Step outside and you’ll find yourself in the bustling centre of Haltwhistle, with a range of shops, restaurants, and cafés right on your doorstep. Haltwhistle is set in the heart of over 2000 years of history and is the geographical centre of Britain. Located beside the River South Tyne, Haltwhistle is the closest town to the centre of Hadrian’s Wall World Heritage Site and the Northumberland National Park, both being roughly 2 miles away.

Map

Street View

Property Video

Income

The property is currently generating a net Rental income return of Circa £40,000 per year.
Net Investment Income Table Here is the table showing the net investment income generated by holiday lets at 12 Main Street, Haltwistle: | Period | Net Income (£) | Mid May to Mid June | 7160 | | Mid June to Mid July | 5728 | | Mid July to end August| 12000 | | September | 13000 Explanation The table shows the net income generated from the holiday lets at 12 Main Street, Haltwistle, for different periods. The net income is the total income generated The table provides a clear and concise overview of the income generated over time.

EPC

https://find-energy-certificate.service.gov.uk/energy-certificate/7407-3000-3201-0610-3204 https://find-energy-certificate.service.gov.uk/energy-certificate/8130-6321-0000-0130-0272 https://find-energy-certificate.service.gov.uk/energy-certificate/9030-7321-0000-0120-0272

Important Notices & Guidance Notes

Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

Pre-registration approval to bid World of Auctions now require all bidders who wish to bid at our Auctions to register. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given.

Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without the consent of the auctioneers.

Guide Prices

A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.

Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

World of Auctions, Residential and Commercial Auctions. Our content is meticulously curated by our seasoned professionals, specifically tailored for discerning property buyers. Our platform is best suited for experienced institutional or business buyers, as well as individuals equipped with the necessary knowledge and expertise to make informed purchasing decisions. We deal in properties that come with their own unique set of risks, which our sophisticated buyers understand. If you’re uncertain about meeting these prerequisites, we recommend seeking independent advice or reaching out to us directly.”

Buyers Premium 

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At world of Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

Buyers’ fees, Seller’s fees and additional charges

For each Lot, a documentation charge / Fee is payable on the fall of the hammer to World of Auctions as follows:

Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.

Lots sold for less than £10,000: Buyers’ Fee of £500 inclusive of VAT.

Commercial Properties – All Lots: Buyers Fee £1,000 excluding VAT

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

VAT may be chargeable in addition to the sale price for the Lot. The auctioneer will announce this and will be contained within the particulars.

Other Matters

Please note that Lots may be sold or withdrawn at any time prior to auction.

Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer’s Fee may be varied from the standard amounts quoted upon or website or by a member of our sales team. So please check.

Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.