Investment Property with 3 Flats in Redcar
Price:
Freehold - £159,999
Location:
Cleveland, Redcar
Business Type:
Retail businesses
Preferred Commercial is delighted to offer for sale this investment property, which has been in our clients' careful hands since 1988 and is only now offered for sale due to our clients' wish to relocate. The premises contain three self-contained flats, a ground floor 2-bedroom flat, a first floor 2-bedroom flat and a second floor 1-bedroom flat, which are all currently tenanted. Our clients previously utilised the ground floor as office space for their business which has been recently relocated. The conversion of the ground floor to residential has recently been completed. The flats are currently let out at a combined rent of approximately £290 a week. We feel this is an ideal opportunity to acquire investment premises, with three self-contained flats, located in a popular and vibrant seaside town. Early negotiations with Preferred Commercial must come highly recommended.
This substantial investment property is ideally located in Redcar town centre, Redcar and Cleveland. The 3-storey premises are split into 3 flats and surrounded by a wide range of complementary shops and businesses. There is ample parking in the vicinity and the railway and bus stations are both within easy walking distance. Redcar was originally a fishing village and is now a popular seaside resort, boasting sandy beaches and many other attractions. Middlesbrough is approximately 10 miles to the east and the A1 is 25 miles away.
End-parade multi-storey premises containing 3 flats with private parking to the rear. Briefly comprising:
Ground Floor Flat
• Lounge
• Fitted kitchen with separate dining area
• 2 x bedrooms
• Bathroom
First Floor Flat
• Lounge
• Kitchen
• 2 x bedrooms
• Bathroom
Second Floor Flat
• Lounge
• Kitchen
• Bedroom
• Bathroom
External
• Enclosed yard to rear
• Parking to rear
North Yorkshire
£ 750,000
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Business Services that may be of Interest:
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