12 bedroom apartment for sale

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12 bedroom apartment for sale

Zetland Road, Loftus
£700,000

Our Summary

  • THESE HAVE A STRONG HISTORY OF BEING LET AND ARE UNLIKELY TO REQUIRE ANY LARGE SCALE MAINTENANCE OR UPGRADING DUE TO THEIR MODERN NATURE

Description

A development of 6 modern apartments in the centrally located area of Loftus, within close proximity to the popular seaside towns of Saltburn and Whitby. The apartments are ideal for the contractor or holiday let market, with a strong history of being let and unlikely to require any large-scale maintenance or upgrading due to their modern nature. The current owner is offering to take back the development on a 5-year corporate lease, providing a guaranteed income of £1200 per week and an annual gross income of £62,400. The option to take on the block and advertise to secure bookings can maximize returns further, with potential earnings of £400-500 per week per apartment. The apartments come fully furnished and ready to be let, with a private car park to the rear, which is advantageous in securing bookings.
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