Initial price	£375,000
21/02/25	£367,500
Price Change	-2.00%

This recently refurbished property features four high-specification, fully furnished flats, with two two-bedroom and two one-bedroom apartments available for rent. The property has a proven track record of generating a substantial monthly income of around £5,000 from three of the flats, with one apartment already under a long-term lease. The current occupancy arrangement with contractors from Korea yields a monthly total of £4,650, excluding the existing tenant's rent of £500. With the potential to increase the rent for the current tenant, this property represents a prime investment opportunity for a developer to either maintain the current occupancy or explore further ventures into the Airbnb market. Located in Redcar, a vibrant coastal town in the North East of England, the property is situated on a busy road just 2 minutes from the town centre, with excellent transport links and access to regional and national road networks.