8 bedroom flat for sale

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8 bedroom flat for sale

Winston Drive, Middlesbrough TS6
£500,000

Our Summary

  • Guide Price £500,000+Moovd Online Property Auctions are delighted to offer For Sale via Option A – Unconditional Online Auction, this FULLY LET, mixed use portfolio, with land, in the ever popular village of Eston, on the outskirts of Middlesbrough
  • This is a ONCE IN A LIFETIME opportunity to buy a fantastic, well maintained, FULLY LET mixed use portfolio with the addition of land to the rear with previous planning permission passed
  • Additionally, alongside the properties is a substantial large plot of land, to the rear, that has lapsed planning permission, for four, three-bedroom dormer bungalows (previous lapsed plans attached within the legal pack)
  • C - 6A - Flat - Lobby - Landing - Lounge - Kitchen - Bedroom 1 - Bedroom 2 - Bedroom 3 - Bathroom - 8 - Hardware Store - Front Reception - Rear Reception - Kitchen - Rear Store - 8A - Flat - Lobby - Landing - Lounge Diner - Kitchen - Bedroom 1 - Bedroom 2 - Bathroom - Land - Moovd may work in partnership with marketing agents on our online auction lots and act as 'The Auctioneer', throughout the sale process
  • Option A - Online Unconditional Auction:The above property is been offered for sale by Online Unconditional Auction (Traditional auction)
  • They are not necessarily figures which a property will sell for and may change at any time during the timed auction
  • Reserve Price:The property is offered subject to a Reserve Price (a figure below which we Moovd the Auctioneer cannot sell the property during the timed online auction) the reserve price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price
  • All buyers will be asked to produce two forms of identification documentation, either as part of the Bidder Registration process of if they make an acceptable pre-auction offer, we would ask for your assistance in order that there will be no delay in agreeing the sale

Description

This is a rare opportunity to purchase a fully let, mixed-use portfolio with land in the popular village of Eston, Middlesbrough. The property comprises four commercial units on the ground floor, including an office, café, hairdresser, and hardware shop, which generate a total income of £47,160 per annum. The property also features four flats above, with a total income of £47,160 per annum, offering a yield of 9.43% against the guide price. Additionally, the property has a large plot of land to the rear with lapsed planning permission for four three-bedroom dormer bungalows. The property is fully let and has a mix of EPC ratings, and an internal viewing is highly recommended. The property is being sold via an online unconditional auction, with a guide price of £500,000+ and a reserve price set within the guide range.
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