24 x Two bedroom flats/maisonettes (freehold) & 1 x two bedroom flat (long leasehold)
16 x Freehold ground rents at £50pa (rising to £125pa)
16 x Flats tenanted at circa £5400 per annum each
500m from Redcar beach
Description
Property for sale. Portfolio of flats near beach. Huge development & investment potential.
24 x two bedroom flats/maisonettes (freehold) and 1 x two bedroom flat (long leasehold) within an established residential neighborhood. 16 x freehold ground rents of £50pa (rising to £125pa). 16 flats are tenanted at circa £5,400pa each. Excellent investment opportunity. Located 0.5 miles from town centre and 500 metres from Redcar beach. The vacant flats are in need of modernisation/repair.
Auction Guide Price £330,000+
Ref H524
For Sale by Auction. Terms and Conditions apply, see www.agentspropertyauction.com.
Live Online Auction Tuesday 31st May 2022
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £1000+VAT (total £1200)
