Queen Street, Redcar, Redcar And Cleveland

Fully Tenanted Block of 4 Flats | £17,748 Annual Income | Freehold | Redcar Town Centre

National Residential are delighted to offer this freehold investment comprising four self-contained one-bedroom flats, all currently tenanted and generating a combined gross rental income of £1,479 per calendar month.
Arranged as two ground-floor flats and two first-floor flats, the property offers investors an established multi-unit income stream from a single freehold block.
Ideally positioned within easy walking distance of Redcar town centre, railway station, seafront and beach, the property is well placed for local amenities and transport connections.

INVESTMENT OVERVIEW
• Freehold block of four self-contained flats
• Four one-bedroom flats
• All flats currently tenanted
• Current combined rent: £1,479 pcm
• Gross annual rental income: £17,748
• Two ground-floor flats
• Two first-floor flats
• Council tax band: A for each flat
• Separate living and sleeping accommodation
• Town-centre location
• Street parking
• Close to Redcar Central railway station
• Seafront and beach within walking distance

ACCOMMODATION
Each self-contained flat briefly comprises:
Lounge/living area | Separate bedroom | Kitchen or kitchen area | Bathroom or shower room
The block is arranged with two flats positioned on the ground floor and two flats on the first floor, providing four individual units within one freehold investment.
Please watch our online video tour for a more detailed look at the accommodation, individual flats and overall arrangement of the building.

CENTRAL REDCAR LOCATION
The property is conveniently positioned for Redcar town centre, placing supermarkets, shops, cafés, leisure facilities, a post office and other everyday amenities within easy reach.
Redcar Central railway station and local bus services are readily accessible, providing connections towards Middlesbrough, Darlington, Saltburn and the wider Tees Valley.
Redcar’s promenade, sandy beach and seafront attractions are also within walking distance, strengthening the property’s appeal to tenants seeking convenient access to both the town centre and coastline.

WHY THIS INVESTMENT STANDS OUT
• Fully Tenanted – All four flats currently provide rental income
• £17,748 Gross Annual Income – Combined rent of £1,479 per calendar month
• Four Self-Contained Units – Each flat provides its own kitchen, bathroom and living accommodation
• Diversified Rental Income – Income generated across four individual tenancies rather than a single household
• Freehold Block – No leasehold term, ground rent or external service charge structure to consider
• Central Location – Close to shops, public transport, the promenade and beach
• Established Investment – An immediate addition to an investor’s existing property portfolio

INVESTOR SUMMARY
This fully tenanted freehold block offers an opportunity to acquire four self-contained one-bedroom flats generating a combined gross rental income of £17,748 per annum.
With four individual units, an established income stream and a convenient location close to Redcar town centre, railway station and seafront, the property represents an appealing multi-unit investment opportunity.

VIEWINGS
Viewings are highly recommended. For further information, tenancy details or to arrange an appointment, please contact our dedicated specialist sales advisor.
All tenancy, rental income, title and council tax information should be independently verified by the purchaser and their legal representative before exchange of contracts.

This property is ONLY available for purchasers who are NOT in a chain.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.