Hotel/guest house for sale in Zetland Road, Saltburn-By-The-Sea TS13
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Tenanted Investment
- 8.6 % Yield
- Recently Refurbished
- Neatly Decorated
- Central Location
Property description
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
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Parker Barras, TS2 on +44 1642 966828 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Parker Barras, and do not constitute property particulars. Please contact Parker Barras for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
.png){kind=logo}