>
Block of apartments for sale
1 Yarm Lane, Stockton-On-Tees
£375,000
1 Yarm Lane, Stockton-On-Tees
£375,000
Our Summary
- Excellent investment opportunity
- Auction Guide Price £375,000 + Ref I139 Live Auction on Thursday 30th January 2025 - Option 1For Sale by Auction
- Terms and Conditions apply, see Each auction property is offered at a guide price and is also subject to a reserve price
- The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell
- Both the guide price and the reserve price can be subject to change up to and including the day of the auction
Description
This is a residential investment opportunity featuring a substantial three-storey corner property in a prominent town centre location. The property is comprised of five self-contained flats, including one 5-bedroom and four 3-bedroom units, and generates a rental income of £42,120 per annum. All flats are currently let to Mears Group, making it an excellent investment opportunity. The property is being sold by auction with a guide price of £375,000 and a reserve price, which remains confidential. The successful buyer will pay a £2,400 fee, and the auction is scheduled to take place on January 30th, 2025.