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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 For 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 property in a prominent town centre location, comprising five self-contained flats, including one five-bedroom and four three-bedroom flats. The property generates a significant rental income of £43,840.68 per annum, with all flats currently let to Mears Group. The substantial three-storey corner property is being sold by auction with a guide price of £375,000 and is subject to a reserve price, which remains confidential. The successful buyer will pay a £2,400 fee, and the property offers an excellent investment opportunity for those looking to generate a steady income stream.