Colombo Square, Worsdell Drive,
Gateshead, NE8 2DF

About this property

SECOND FLOOR ONE-BEDROOM APARTMENT WITH PARKING | EXCELLENT INVESTMENT OPPORTUNITY | TENANT IN SITU | Located within the highly sought-after Ochre Yards development on the banks of the River Tyne, this well-presented second floor one-bedroom apartment offers an excellent opportunity for investors wishing to expand their portfolio. The property benefits from easy access to the Quayside, City Centre, local amenities, and excellent transport links. With strong rental demand in the area and an attractive gross rental yield, this apartment represents a fantastic buy-to-let investment opportunity in a popular riverside location. Early viewing is advised to appreciate the location and potential on offer. Energy Efficiency Rating: C. Council Tax Band: B

Entrance Hall
Telephone entry system, cupboard housing hot water cylinder, wall mounted electric heater.

Bathroom
Panel bath with shower above, wash hand basin, WC, wall mounted electric heater, part tiled walls, ceiling spotlights.

Bedroom
Double glazed window, wall mounted electric heater.

Living/Dining Area
Double glazed window and door to Juliet balcony, wall mounted electric heater.

Kitchen Area
Range of wall and base units with roll edge worktop surfaces incorporating stainless steel circular sink unit with mixer tap, splashbacks, integrated electric oven and hob with stainless steel extractor above, fridge and freezer, dishwasher.

Leasehold Information
We have been advised the property is leasehold with a 125 year lease from 01/01/06, 100 years approx remaining. The ground rent is charged at £190.24 pa with a service charge of £1788.40 pa approx (2026). The ground rent is reviewed every 5 years in line with RPI.

Material Information
Tenure: Leasehold.
The block is managed by Kingston Property Services.
Council Tax: Band B. Authority; Gateshead Council. For current rates please visit; https://www.gateshead.gov.uk/article/2641/Council-Tax-valuation-bands
Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property. Heating is via electric heaters.
Broadband: Follow the link to check broadband providers and speeds; www.Broadbandcheck.co.uk
Mobile Phone Coverage: Follow the link to check mobile signal for all networks; www.Signalchecker.co.uk
Parking: There is an allocated parking bay for the property.

You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing.