>
8 bedroom apartment for sale
High Street, Marske-By-The-Sea
£650,000
High Street, Marske-By-The-Sea
£650,000
Our Summary
- Scope to increase the rents on the two lower income apartments long term to increase profits further
Description
This investment property in Marske offers instant returns with leases already in place, generating a combined gross income of £9,617 per month. Two apartments are subject to long-term leases at £2,300 and £1,250 per month, while the other two are rented out on a corporate lease at £700 per week. The apartments, which come fully furnished with modern fixtures and fittings, are a ready-made investment with no upfront expenditure required. The property is located near Marske seafront, Redcar, and industrial sites, making it an attractive option for both holidaymakers and contractors. With a 12-month collective gross income of £115,400 per annum, this property presents a lucrative investment opportunity for any incoming investor.