Cleveland Street, Redcar

Cleveland Street, Redcar, North Yorkshire, United Kingdom | Ref: 31178299

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Property Details

Take a look inside this excellent freehold investment opportunity, comprising of two commercial units on the ground floor, and four flats to the first floor.

The building is situated a stones throw from Redcar High Street and has been completely renovated to a very high standard and secured with 6K camera systems. The commercial units and flats are fully modernised with neutral decor throughout, and spotlighting throughout all of the premises.

All flats are self contained with private bathrooms and kitchens within each property, and each have built in fridge-freezer, cooker, integrated hob and washing machine. In additional, the blinds and televisions throughout the property are included in the purchase price.

Parking permits are available upon request from the tenants to the Council.

The income on this excellent investment opportunity consists of:
Four flats all achieving a combined income of £1,800.00PCM
The two commercial units achieve an income of £1,000.00PCM
Total income PCM is £2,800.00 with a rental yield of 8.4%

As a freehold property, this incurs no additional services charges or ground rent.

Buyers Premium Fees applicable.

Are you buying for investment? Speak to us about our fixed term management packages, we help landlords achieve a higher return on their investments with our short term lets and contractor accommodation.

Are you looking to carry out refurbishment work? Speak to us about our Property Services division, we can carry out all building and refurbishment works providing a turnkey solution.
Ref
31178299
Price
£400,000
Status
Available
Property Type
Commercial Property

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