Saltburn-by-the-Sea, TS13 4RG | Investment Property for Sale | VES-TS13-001

Opportunity to purchase a freehold block of 5 apartments and a commercial unit in Saltburn-on-the-Sea

£200,000

5-unit Block & shop

VES-TS13-001

INITIAL INVESTMENT

£63,500

Based on

deposit: £50,000

stamp duty: £6,000

mortgage fees: £1,500

conveyancing fees: £6,000

GROSS RENT

£20,740

GROSS YIELD

10.4%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

6

TENANCY STATUS

Vacant

FURNISHED

No

TOTAL SQ FT

2,346

PRICE SQ FT

£85

Block information

  • The block is made up of 6 units comprising:
    • 4 x self-contained 1-bed apartments
    • 1 x self-contained studio apartment
    • 1 x commercial unit
  • EPC ratings D & E

Rental information

Once fully tenanted the following rents are expected to be achieved:

  • Flat 1 - £250 pcm
  • Flat 2 - £250 pcm
  • Flat 3 - £295 pcm
  • Flat 4 - £250 pcm
  • Flat 5 - £250 pcm
  • Commercial unit - £433.33 pcm
  • Total monthly rental income: £1,728.33
  • Total annual rental income: £20,740
  • Total gross yield: 10.4%

Location information

  • The property is located in the Loftus are of Saltburn-by-the-Sea
  • Saltburn city centre is 5 miles from the property
  • Local amenities can be easily reached on foot

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Saltburn-by-the-Sea, North Yorkshire

Saltburn-by-the-Sea is a seaside town in North Yorkshire and lies around 26 miles south-east of Hartlepool, 13 miles east of Middlesbrough and 41 miles north-west of Scarborough.

The A174 runs just south of Saltburn and connects it to Thornaby-on-Tees and Whitby.

Saltburn railway station lies on the Tees Valley Line which runs Northern Trains services between Bishop Auckland and Saltburn via Darlington. The station is located in the town centre.

One of the must-do things in Saltburn is a visit to its beautiful beach with long sandy shores and its Grade II* listed pier. The beach came third place in the The Times’ 30 best British beaches and also offers great opportunities for surfers, from beginners to professionals, with national surfing events held during the autumn and winter months.

Other things to see and do include Saltburn Cliff Tramway, Captain Cook & Staithes Heritage Centre, Lookwood Beck, Saltburn Miniature Railway and Saltburn Riding School.

The shops in Saltburn mainly consist of specialists shops where one can find antiques, furniture, fresh fish, bread, meats, antiques, jewellery, gift shops, clothing stores and many more.

Education in Saltburn is provided by the town’s Junior and Infant schools as well as Huntcliff School, the only secondary school in town.

West Road,

Loftus,

Saltburn-by-the-Sea,

Redcar and Cleveland,

England,

TS13 4RG

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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