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8 bedroom flat for sale
High Street, Marske-by-the-Sea, Redcar, North Yorkshire, TS11
£600,000
High Street, Marske-by-the-Sea, Redcar, North Yorkshire, TS11
£600,000
Our Summary
- Development Opportunity, this ready to go, turn-key block of 4 self-contained 2 bed apartments attracting a range of different tenants from contractors, AirB&B as well as private lets
Description
This development opportunity presents a ready-to-go, turn-key block of four self-contained 2-bedroom apartments that have been attracting a diverse range of tenants, including contractors, Airbnb guests, and private renters. The properties offer a significant yield potential, with estimated annual rental incomes ranging from £14,000 to £27,600, corresponding to yields of 8.4% to 14.4%. Two of the apartments are currently under a different rental agreement, but will increase in line with the others later this year. This presents a unique opportunity for investors to maximize their returns and benefit from a high-yielding property portfolio.