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Offers over

£650,000

(£862/sq. ft)

8 bed property for sale
High Street, Marske-By-The-Sea TS11

    • 8 beds

    • 5 baths

    • 4 receptions

    • 754 sq. ft

Freehold
Added on 29/04/2024

About this property

  • Offers invited between £650,000 and £700,000 - therefore £162,500 - £175,000 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

  • Fantastic Location for Short-term Holiday lets

  • EPC ratings; Flat 1 - 'C' 75/75, Flat 2 - 'C' 78/78, Flat 3 - 'C' 77/77. Flat 4 - 'C' 80/80

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 £9,617 gross per calendar month over the 4 apartments.
A 12 month collective gross income £115,400 per annum.
Currently being let as short-term holiday lets.

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 2 bedrooms with A lounge area & modern kitchen. The apartment on the uppermost floor has 2 bathrooms, whilst the lower floor apartments have 1.
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.

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Monthly repayment

£3,251 per month

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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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