Studio for sale in Stone Row, Saltburn-By-The-Sea TS13
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Property features
- A rarely available large scale serviced accommodation investment opportunity
- Bvenefitting from A seaside location popular with tourists
- A strong history of being occupied
- Luxury specifications and furnishings throughout the portfolio
Property description
Potential gross yields of 21%! A ready made investment opportunity available to anyone wishing to secure A standout quality 'multi-unit' development suitable for the holiday let or contractor market in this coastal village / town of skinningrove. There is current A corporate lease in place for all the properties at A fixed figure of £6,800 pcm (therefore A guaranteed annual return of £81,600). This acts as A safety net for any incoming purchaser however this could be removed so the new owner could benefit from the full income and handle the marketing themselves (personally or via an agent) on-going should any become vacant. The gross return then based on full occupancy would be in the region of £335,000 per annum however as ever it is likley that there will be some voids during 12 months of marketing. In total this offering includes;- three 2 bed apartments, five 1 bed apartments, one 3 bedroom town house, and two 4 bedroom town houses which have gardens and garages.
Property info
For more information about this property, please contact
Progression Property, TS5 on +44 1642 966227 * (local rate)
Disclaimer
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.