REF: 207719008
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For Sale
For Sale: 6 Tenanted Apartments, Loftus, Saltburn-by-the-Sea TS13 4PW
Key Features
- Tenanted Investment
- 8.6 % Yield
- Recently Refurbished
- Neatly Decorated
- Central Location
Specifications
Invest and Develop
TBC
725000
Description
29 Zetland Rd, Loftus, Saltburn-by-the-Sea TS13 4PW
The property which is comprised of 6 nicely decorated apartments which are all occupied on a lease by one tenant.
The current tenant of the property will sign a new 5 year lease with a break clause at year 3.
Rented at £5,200 Per Month - £62,400 Per Annum
The property offers a 8.6% yield and a fantastic opportunity for investors.
The property also includes a 14 space car park at the rear of the property for tenants - this is held on a separate title.
The tenant operates the property as holiday lets which is a lucrative way this property can be operated, there is scope for a potential buyer to do this themselves subject to a higher asking price being paid.
For Sale: £725,000