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Block of apartments for sale
1 Yarm Lane, Stockton-On-Tees
£399,950
1 Yarm Lane, Stockton-On-Tees
£399,950
Our Summary
- Excellent investment opportunity
- Auction Guide Price £399,950 + Ref I139 Live Auction on Thursday 12th December 2024 - 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 consisting of five self-contained flats, including one 5-bedroom and four 3-bedroom flats, located in a prominent town center position. The property is currently generating a rental income of £42,120 per annum, with all flats let to Mears Group. The substantial three-story corner property is being sold by auction with a guide price of £399,950 and a reserve price, which is not disclosed. The successful buyer will pay a £2,000+VAT (total £2,400) fee. This is an excellent investment opportunity with a steady income stream.