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For Sale 2 Bedrooms 1 Bathroom 1 Reception From £85,000

Bedlington, NE22 - From £85,000

  • **Residential Development**
  • 2 Bedroom Apartments From £85,000
  • Furnished
  • 8% NET rental yield
  • Parking Available


34 x Two bedroom furnished apartments located in the centre of Bedlington. An excellent development situated close to all local amenities, including shops, cafes and schools. The Local railway station is within a minutes walk from the development with transport links to Newcastle upon Tyne. Bedlington is a town situated in South East Northumberland, England, United Kingdom, with a population of 18,000. The development has parking available.


o Gross rental yield 8.4%

o Net rental yield 8.0%

o Service charge £550 pa per apartment £18,700 pa

o Ground rent £100 pa per apartment £3,400 pa

o Lease 125 Years from 2008


Regeneration within the area.

Work to redevelop Bedlington town centre has taken a major step forward after a design company was appointed. Nationally acclaimed Ryder Architects will complete the design of the new state-of-the-art facilities in the £10m development project. The company - involved in a number of high profile projects including Ashington Leisure Centre and Bannatyne Health Spas - was appointed after a 'competition' involving more than 1,000 residents. The development is expected to create up to 150 local jobs while construction takes place over the next 18 months and more than 40 permanent retail jobs after opening. In addition, the town centre development will also see up to 60 council jobs and 30 council services returned to Bedlington as part of the council's Market Towns Initiative. Local County Councillor Alyson Wallace said: "This is a big step forward for a £10m project which will breathe new life into the Bedlington town centre. "It will see new shops, starter homes along with new locations for easily accessible council services. "It will see new jobs and new retail opportunities for local people and it'll see new opportunities for local families to get their feet on the first rung of the housing ladder.

Local people will be fully involved in developing proposals for a mixed-use redevelopment of the former Tesco site which aims to cover:

o Supporting the vitality of the Front Street by encouraging more people into the town centre to shop

o Revitalisation of the Market Place

o Encouraging town centre living

o Supporting a better street and parking environment.

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Up to £500k(Percentage rate 0 %)

Above £500k and up to £925k (Percentage rate 5 %)

Above £925k and up to £1.5m (Percentage rate 10 %)

Above £1.5m (Percentage rate 12 %)

*This is for illustrative purposes only

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