Get brand editions for sbliving, Leeds

This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

5 bedroom apartment for sale

West Road, Loftus, TS13 4RG

Removed £150,000

Property Description

Key features

  • Investment Opportunity
  • Ground Floor Retail 10 year lease
  • 5 One Bedroom Flats
  • Total Rental Income 23,000 Per Annum

Full description

Tenure: Freehold

Location:

The property is situated on West Road in the coastal town of Loftus, Saltburn-by-the-Sea. Situated half way between Middlesbrough and Whitby(approx.18miles either way), Loftus is a mainly residential area. West Road is a largely commercial street in Loftus, with several local businesses and other services including a post office and health centre..

Commercial Accommodation:

Ground floor A5 hot food take away currently trading as Goodfellows Pizzeria, consisting of main sales area, kitchen, storage and staff W.C. NI Aapprox .62.80sqm.

Flat1: First Floor Hallway Lounge/kitchen: 12.80sqm Bedroom: 6.66sqm Bathroom: 4.70sqm NIA 28.28sqm
Flat2: First Floor Lounge/ kitchen: 19.60sqm Bedroom: 8.97sqm Bathroom: 2.66sqm NIA 31.23sqm
Flat3: Second Floor Hallway Lounge/kitchen: 11.91sqm Bedroom: 6.75sqm Bathroom: 4.03sqm NIA 27.01sqm
Flat4: Second Floor Lounge/kitchen: 11.44sqm Bedroom: 6.69sqm Bathroom:3.77sqm NIA 21.90sqm
Flat5: Third Floor Lounge/ bedroom: 19.70sqm Kitchen: 6.00sqm Bathroom:3.00sqm NIA 28.70sqm

Services:

The flats all have individual water and electric meters. They also have individual electric wall heaters, plus hot water tank for running water. Every flat has a bathroom.
A new fire alarm system was fitted within last 12 months which links into the shop on the ground floor.
Tenure Freehold. Title number CE80636.

Lease Details: The current shop is on an eleven year lease at £5,200 per annum with start date of 21st October 2015. The occupier has been in the unit since 1996. The lease allows the buyer to charge their management fees and insurance costs back to the tenant. The five flats are let to one company on a 3 year lease at £18,000 per annum with a start date of 7 March 2017. The company sublets the flats. Landlord only breaks every six month.


Listing History

Added on Rightmove:
23 October 2017

Map & Street View

Disclaimer - Property reference 6867. 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 sbliving, Leeds. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.