8 bedroom flat for sale

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8 bedroom flat for sale

High Street, Marske-by-the-Sea, Redcar, North Yorkshire, TS11
£600,000

Price History

Initial price £650,000
22/11/24 £600,000
Price Change -7.69%

Description

This is a development opportunity to acquire a turn-key block of four self-contained 2-bedroom apartments, which are already generating rental income from a range of tenants, including contractors, Airbnb guests, and private lets. The apartments have a combined annual rental income of approximately £83,600, with yields ranging from 8.4% to 14.4%. Two of the apartments will increase their rental income in line with the others later this year, making this a prime opportunity to maximize yields and potential returns on investment.