Property photos
Freehold
Offers over
£700,000
12 bed property for sale
Zetland Road, Loftus, Saltburn-By-The-Sea TS1312 beds
Key Information
Local area information
Property location
Nearby amenities
- Handale Primary School 0.2 miles
- Hummersea Primary School 0.3 miles
- Saltburn 3.9 miles
- Marske 5.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 6 x 2 bed apartments suitable for contractor accommodation or holiday lets
- Yields of 17%-20% gross based on the properties performances (under the current owner (average of £400 per week)
- A guaranteed yield of 8.6% if the corporate lease offered by the current vendor is taken
- A range of designs and layouts - however one thing is guaranteed and that is the quality of finish
- An easy to manage 'full block'
- There are several serviced accommodation or holiday let agents who cover this area so help is on hand nif you are A remote investor
- Or take away the risk factor by taking up the owners offer of A corporate lease.
- Allocated and secure parking to the rear
A wonderful home, or A ready made investment courtesy of this development of 6 modern apartments which are ideally suited to the contractor or holiday let market. These have A strong history of being let and are unlikely to require any large scale maintenance or upgrading due to their modern nature. The current owner is offering to take back the development on A 5 year corporate lease on the whole block of 6 units at A rent of £200 per week per apartment should an incoming purchaser prefer. This would underpin A guaranteed £1200 per week and A £62,400 annual gross income. However the option to take on the block and advertise to secure bookings would maximise returns even further where A potential £400-500 per week per apartment is achievable. The apartments come with A private car park to the rear, which is advantagious in securing bookings. The properties will come fully furnished, and ready to be let!
Location
Positioned centrally within Loftus, on Zetland Road, the apartments enjoy a prime location within close proximity (5 miles) of the much appreciated seaside town of Saltburn by the Sea and the even more popular seaside town of Whitby (14 miles). Residents can enjoy the benefits of coastal living while still benefiting from an abundance of local shops and nearby amenities. In Loftus itself or venture further afield to enjoy the touristy hustle and bustle of these two neighbouring towns. Middlesbrough is 18 miles away, and the industrial hotbed of Wilton and surrounding industrial plants are within a mere 11 miles so therefore the location is suitable for contractors which is a market the current Vendor has benefitted from significantly.
Apartment Specifications
The building is an end of row three storey terraced building. All the flats are all of a similar size and layout albeit with some minor deviations. The style and high quality of fixtures and fittings however is template across all 6, with immaculate presentation as standard. The apartments can come fully furnished or totally emptied depending on the needs of the buyer. The quality of furnishings is equally as high however so for any incoming buyer the ability to buy a 'ready to go' set up cannot be overlooked. The apartments have modern fitted Kitchens with some integrated appliances including oven, hobs, extractor canopy's, and fridge freezers. The flats also come with televisions in the reception room areas. The Bathrooms are modern and offer white suites. Each apartment comes with an allocated parking space in a secure car-park situated off street.
Location
Positioned centrally within Loftus, on Zetland Road, the apartments enjoy a prime location within close proximity (5 miles) of the much appreciated seaside town of Saltburn by the Sea and the even more popular seaside town of Whitby (14 miles). Residents can enjoy the benefits of coastal living while still benefiting from an abundance of local shops and nearby amenities. In Loftus itself or venture further afield to enjoy the touristy hustle and bustle of these two neighbouring towns. Middlesbrough is 18 miles away, and the industrial hotbed of Wilton and surrounding industrial plants are within a mere 11 miles so therefore the location is suitable for contractors which is a market the current Vendor has benefitted from significantly.
Apartment Specifications
The building is an end of row three storey terraced building. All the flats are all of a similar size and layout albeit with some minor deviations. The style and high quality of fixtures and fittings however is template across all 6, with immaculate presentation as standard. The apartments can come fully furnished or totally emptied depending on the needs of the buyer. The quality of furnishings is equally as high however so for any incoming buyer the ability to buy a 'ready to go' set up cannot be overlooked. The apartments have modern fitted Kitchens with some integrated appliances including oven, hobs, extractor canopy's, and fridge freezers. The flats also come with televisions in the reception room areas. The Bathrooms are modern and offer white suites. Each apartment comes with an allocated parking space in a secure car-park situated off street.
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Progression Property
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Progression Property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Progression Property for full details and further information.