Block of flats for sale in Saltburn-by-the-Sea TS12, 12 Bedroom

Guide Price = £330,000+

**For Sale By Public Auction 20th June 2019 12:00 pm. To inspect the legal documents for this property go to our website to download the legal pack**

A Vacant Parcel of Five Self-Contained Flats Above Commercial Premises (One x Four Bedroom, Four x Two Bedroom Flats).

Tenure
Long Leasehold. The flats are each held on 999 year leases from 15th August 2007 (thus approximately 987 years unexpired).

Location
The property is situated amongst the local shops and amenities of Milton Street. The open spaces of Saltburn Valley Gardens are within easy reach with the beach, pier and Huntcliff all within short walking distance. Transport links are provided by Saltburn rail station.

Description
The property comprises a parcel of five flats over first, second & third floors, arranged to provide 1 x 4 bedroom & 4 x 2 bedroom flats situated within an end of terrace mixed use building arranged over ground and three upper floors. The ground floor commercial element does not form part of the sale.

Accomodation Schedule
PropertyFloorAccommodationFlat 1FirstTwo Bedroom Self-Contained Flat (gia: 71.6 sq m)Flat 2FirstTwo Bedroom Self-Contained Flat (gia: 68.6 sq m)Flat 3SecondTwo Bedroom Self-Contained Flat (gia: 71.6 sq m)Flat 4SecondTwo Bedroom Self-Contained Flat (gia: 68.6 sq m)Flat 5ThirdFour Bedroom, Two Bathroom Self-Contained Flat (gia: 119 sq m)

Note
The lha rates for a 2 bed and 4 bed property is £97.81 and £149.59 per week respectively. Thus a combined potential income of £28,123.16 per annum (source: ).