Real Estate · For Sale
22 bedroom flat for sale
Price
£1,600,000Location
Bridgehouse Court, Skinningrove TS13 · Saltburn-By-The-Sea · TS13 4BF · GB
Bedrooms
22
Type
apartments
About this property
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.
Location
Bridgehouse Court, Skinningrove TS13 · Saltburn-By-The-Sea · TS13 4BF · GB