Established freehold portfolio of 24 properties in West Moor, Newcastle upon Tyne. Four landlocked freehold land parcels located behind residential properties. Mixed property types including houses, flats and retail units. Long secure leases with unexpired terms ranging from 19 to 121 years. Current annual gross ground rent income totalling £971.86. Low-risk passive investment with minimal management requirements. Potential future income from lease extensions as terms shorten over time. Some leases include periodic rent reviews offering possible future rental growth.
Offers over £25,000
Ref I515
Description
This sale comprises a well-established freehold ground rent portfolio of 24 properties located across West Moor. The portfolio includes 19 x semi-detached houses, 2 x retail units, 2 x flats and a retail unit/flat, each held on long leases with approximate unexpired terms ranging from 19 years to 121 years with periodic rent reviews offering possible rental growth.
The investment generates a combined annual ground rent income of £971.86, with individual rents ranging from £5.00 to £124.37 per annum. Some leases benefit from recently granted longer terms (those commencing in 2010). This is a secure long leasehold investment with minimal management.
The properties are situated within established residential streets including Armstrong Drive, Harriot Drive, Killingworth Drive, Northfield Drive, Parkside, Reynolds Avenue, and Whitecroft Road.
This portfolio offers a low-risk, passive investment with long-term income security, diversified across multiple properties and lease lengths. It is well suited to investors seeking a stable, hands-off freehold interest with future potential for lease extensions, variations, or enfranchisement claims under the relevant legislation.
Rental Income
The annual rental income for all 24 properties is £971.86
Land
There are also four freehold parcels of land located to the rear of residential properties. Each parcel is landlocked and has no direct access to the public highway.
Land to the rear of Whitecroft Road, West Moor – Site Area 131.36 sq. m. (1,413.94 sq. ft.)
Land to the rear of Whitecroft Road, West Moor – Site Area 182.09 sq. m. (1,960. sq. ft.)
Land to the rear of Whitecroft Road, West Moor – Site Area 39.94 sq. m. (429.91. sq. ft.)
Land to the rear of Dene Avenue, West Moor - Site Area 211.63 sq. m. (2,277.96 sq. ft.)
Tenure
Freehold
Price
Offers in excess of £25,000
