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Park Avenue, Redcar TS10 3 bed terraced house for sale
Park Avenue, Redcar, TS10
£145,000
Park Avenue, Redcar, TS10
£145,000
Our Summary
- Property Overview:Ground Floor Commercial Unit – Refurbished and let at £475 PCMSpacious 3-Bed Residential Apartment – Tenanted and producing £650 PCMForecourt Parking for Six Vehicles – Huge bonus for both commercial and residential tenantsPrivate Rear Garage – Additional storage or potential income stream
Description
This high-yield turnkey investment property offers a standout opportunity for savvy investors, delivering an approximate 12% gross return. The fully tenanted, mixed-use property has undergone recent upgrades, including a new central heating system, solar panels, and improved residential unit. The property features a spacious 3-bed apartment, generating £650 per month, and a ground-floor commercial unit, producing £475 per month. The property's forecourt provides off-street parking for up to six vehicles, a rare and highly attractive feature that adds significant value and long-term appeal. With quality tenants in situ, this is a hands-off investment that produces a stable income stream and offers potential for future growth.