Flat for sale in High Street, Marske-By-The-Sea, Redcar TS11

Offers over £600,000
Interested in this property? Call +44 1642 966227 * or Request Details

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Flat for sale - 8 bedrooms

8 8 4

Tenure:
Freehold
Council tax band:
Not available

Property features

  • Offers invited between £600,000 and £640,000 - therefore £150,000 - £160,000 per apartment
  • Superior quality property specifications which will prove desirable, thus increasing likelihood of re-letting in the future
  • 4 well sized 2 bedroom Apartments - interior designs vary
  • Scope to increase the rents on the two lower income apartments long term to increase profits further
  • EPC ratings; Flat 1 - 'C' 75/75, Flat 2 - 'C' 78/78, Flat 3 - 'C' 77/77. Flat 4 - 'C' 80/80

Property description

A lucrative investment proposition set within this popular seaside town of marske, with instant returns for any incoming investor due to leases that are already in place.

A combined income of £5,150 gross per calendar month via the four apartments. Two of the apartments are subject to A long term lease at £2,300 and £1,250 per calendar month respectively whilst the remaining two apartments are subject to A corporate lease at an agreed rent of £700 pcm. Collectively A 12 month collective gross income £61,800 per annum.

The apartments come fully furnished with modern fixtures and fittings throughout so are A ready made investment with no upfront expenditure required.
The apartments offer two bedrooms and two bathrooms with A lounge area and modern kitchen. There is parking to the rear of the development.

The site is ideally located for access to marske sea front, redcar, the wilton industrial sites and middlesbrough amongst other so ticks the box for both holiday makers and contractors / workers.

Property info

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For more information about this property, please contact
Progression Property, TS5 on +44 1642 966227 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Progression Property, and do not constitute property particulars. Please contact Progression Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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