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.