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Block of apartments for sale
Flats 1 - 6 Church House, 77 Napier Street, South Bank, Cleveland TS6 6DE
£95,000
Flats 1 - 6 Church House, 77 Napier Street, South Bank, Cleveland TS6 6DE
£95,000
Our Summary
- For sale on 28 August 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- A freehold investment opportunity comprising a two storey property located along Napier Street, South Bank
- We feel that fully let at current market rates with some refurbishments £30,000 per annum would be achievable
- Located in a rapidly developing area, this property not only promises consistent cash flow but also holds potential for long-term capital appreciation as South Bank continues to grow
- Auction: 28
- Scope to add value and create substantial income
Description
A freehold investment opportunity is being auctioned off on August 28, 2025, featuring a two-story property on Napier Street in South Bank. The property consists of six apartments, including five studios and one one-bedroom unit, with one apartment currently rented out for £350 per month. With some refurbishments, the property has the potential to generate £30,000 per annum in rental income. Each apartment has its own services and metering, making it a low-risk investment opportunity. Located in a rapidly developing area, the property not only offers consistent cash flow but also has potential for long-term capital appreciation as South Bank continues to grow, making it an opportunity not to be missed for investors looking for a low-risk or long-term value property.