Zetland Road, TS13

£725,000

Size

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Tenure

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EPC

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Parking

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Primary use
Residential development

No floor / site plan

Key features

  • Tenanted Investment
  • 8.6 % Yield
  • Recently Refurbished
  • Neatly Decorated
  • Central Location

Description

29 Zetland Rd, Loftus, Saltburn-by-the-Sea TS13 4PW

The property which is comprised of 6 nicely decorated apartments which are all occupied on a lease by one tenant.

The current tenant of the property will sign a new 5 year lease with a break clause at year 3.

Rented at £5,200 Per Month - £62,400 Per Annum

The property offers a 8.6% yield and a fantastic opportunity for investors.

The property also includes a 14 space car park at the rear of the property for tenants - this is held on a separate title.

The tenant operates the property as holiday lets which is a lucrative way this property can be operated, there is scope for a potential buyer to do this themselves subject to a higher asking price being paid.

For Sale: £725,000
Additional information
Service charge
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Business rates
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Use class
C3, C2
Listed building
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Zetland Road, TS13

NEAREST STATIONS

National Rail

Saltburn Station

3.97 miles

About PARKER BARRAS COMMERCIAL LIMITED, North East

PARKER BARRAS COMMERCIAL LIMITED, North East

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Disclaimer - Property reference 207719008. 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 PARKER BARRAS COMMERCIAL LIMITED, North East. 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.