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High Street, Marske-By-The-Sea

PROPERTY TYPE

Apartment

BEDROOMS

8

BATHROOMS

8

SIZE

754 sq ft

70 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • OFFERS INVITED BETWEEN £600,000 AND £640,000 - THEREFORE £150,000 - £160,000 PER APARTMENT
  • Superior quality property specifications which will prove desirable, thus increasing likelihood of re-letting in the future
  • 4 well sized 2 bedroom Apartments - interior designs vary
  • Scope to increase the rents on the two lower income apartments long term to increase profits further
  • EPC RATINGS; Flat 1 - 'C' 75/75, Flat 2 - 'C' 78/78, Flat 3 - 'C' 77/77. Flat 4 - 'C' 80/80

Description

A LUCRATIVE INVESTMENT PROPOSITION SET WITHIN THIS POPULAR SEASIDE TOWN OF MARSKE, WITH INSTANT RETURNS FOR ANY INCOMING INVESTOR DUE TO LEASES THAT ARE ALREADY IN PLACE.

A COMBINED INCOME OF £9,617 GROSS PER CALENDAR MONTH VIA THE FOUR APARTMENTS. TWO OF THE APARTMENTS ARE SUBJECT TO A LONG TERM LEASE AT £2,300 AND £1,250 PER CALENDAR MONTH RESPECTIVELY WHILST THE REMAINING TWO APARTMENTS ARE SUBJECT TO A CORPORATE LEASE AT AN AGREED RENT OF £700 PER WEEK. COLLECTIVELY A 12 MONTH COLLECTIVE GROSS INCOME £115,400 PER ANNUM.

THE APARTMENTS COME FULLY FURNISHED WITH MODERN FIXTURES AND FITTINGS THROUGHOUT SO ARE A READY MADE INVESTMENT WITH NO UPFRONT EXPENDITURE REQUIRED.
THE APARTMENTS OFFER TWO BEDROOMS WITH A LOUNGE AREA AND MODERN KITCHEN. THE APPARTMENTS ON THE UPPERMOST FLOOR HAVE TWO BATHROOMS, WHILST THE LOWER FLOOR APARTMENTS HAVE ONE. THERE IS PARKING TO THE REAR OF THE DEVELOPMENT.

THE SITE IS IDEALLY LOCATED FOR ACCESS TO MARSKE SEA FRONT, REDCAR, THE WILTON INDUSTRIAL SITES AND MIDDLESBROUGH AMONGST OTHER SO TICKS THE BOX FOR BOTH HOLIDAY MAKERS AND CONTRACTORS / WORKERS.

Brochures

High Street, Marske-By-The-SeaBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

High Street, Marske-By-The-Sea

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Marske Station0.5 miles
  • Longbeck Station0.6 miles
  • Redcar East Station1.7 miles
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About the agent

Progression Property, Middlesbrough

329 Linthorpe Road, Linthorpe, Middlesbrough, TS5 6AA

Progression Property, Middlesbrough

It is clear what property owners want when they decide to put their property ?up for sale?. A prompt sale, for ?the best price?, and they want it to be as relaxed and stress free an experience as possible. We understand this and strive to deliver exactly that.

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Industry affiliations

Property Redress SchemeOmbudsman for Lettings Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)

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Disclaimer - Property reference 33062514. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Progression Property, Middlesbrough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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