Initial price	£700,000
07/11/25	£650,000
Price Change	-7.14%

This is a freehold block of 12 modern apartments in South Bank, TS6, let to a corporate tenant on a full repairing and insuring lease until March 2029. The property produces an annual income of £66,000 and offers a hands-off investment with strong income and growth potential. The apartments are self-contained with modern specifications and are suitable for multi-let or serviced accommodation models. The location is ideal, with proximity to the Teesworks regeneration zone, new retail developments, transport links, and major employers, and is undergoing major regeneration, creating new jobs, footfall, and sustained rental demand. The guide price is £700,000+, offering a gross yield of circa 9.4%.