£725,000
(£725,000.00/sq. ft)
Hotel for saleZetland Road, Saltburn-By-The-Sea TS13
1 sq. ft
About this property
Tenanted Investment
8.6 % Yield
Recently Refurbished
Neatly Decorated
Central Location
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
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
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Monthly repayment
£3,626 per month
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