Price From £1,500,000 - Available


  • GENERATING CIRCA £72,000 PER ANNUM
  • FANTASTIC LOCATION
  • uPVC SEALED UNIT DOUBLE GLAZING
  • CLOSE TO TOWN CENTRE AMENITIES
  • PARTIAL SEA VIEWS
  • FREEHOLD
  • SITTING TENANTS IN ALL FLATS
  • GAS CENTRAL HEATING VIA COMBINATION BOILERS
  • A SHORT DISTANCE FROM THE SEA FRONT
  • EXCELLENT OPPORTUNITY

We are very excited to present for sale, a rare opportunity in Saltburn. 4 blocks of flats, each containing 3 flats. Situated in an ideal town centre location, with a proven return of 5%, this opportunity is not to be missed.

This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% including VAT subject to a minimum of £6,000.00 including VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by iam-sold Ltd. TO VIEW OR MAKE A BID – Contact Selwyn Hedgley or visit: www.agentauctionpage.co.uk

Restrictions due to the current lock down situation mean we cannot currently gain access to the other flats for listing. Currently all flats are occupied, are held in a good state of repair and have the following layout and measurements (approximately).

FLAT 15A - Ground Floor

The brief layout comprises: Entrance Hall, Lounge, Dining Room / Kitchen, Two Bedrooms and Bathroom.

Accommodation Measurements quoted are approximate


Entrance Communal entrance with door to entrance hall.

Lounge 13'2 reducing to 11'10 x 15'1 (4.01m reducing to 3.61 x 4.60m). uPVC sealed unit double glazed bay window and radiator.

Kitchen/Dining Room 12'5 x 10'10' (3.78m x 3.30m). Comprising a range of base and wall units, with laminate work surfaces and integrated electric hob and oven. Single drainer sink unit, fridge freezer space, plumbing for washing machine, radiator and wall mounted Baxi combination boiler.

Bedroom 1 13'8' reducing to 12'6" x 9'9' (4.48m reducing to 3.81m x 2.97m). With uPVC sealed unit double glazed window and radiator.

Bedroom 2 11' x 8'8' (3.35m x 2.64m). With uPVC sealed unit double glazed window and radiator.

Bathroom 5'11" X 5'7" (1.80m X 1.70m) Comprising panelled bath with shower over, pedestal basin, low flush W.C, radiator and uPVC sealed unit double glazed window.

Externally Rear enclosed yard



FLAT 17C - Second Floor

The brief layout comprises: Entrance Hall, Lounge, Dining Room / Kitchen, Two Bedrooms and Bathroom.

Accommodation Measurements quoted are approximate


Entrance Communal entrance with staircase to second floor. Split level landing with uPVC sealed unit double glazed window and storage cupboard.

Lounge 15' x 11'3 reducing to 10' (4.57m x 3.44 reducing to 3.04m). uPVC sealed unit double glazed window and radiator.

Kitchen/Dining Room 13' x 12'2' (3.96m x 3.71m). Comprising a range of base and wall units, dual bowl sink unit, plumbing for washing machine, integrated gas hob and electric oven, canopy extractor, fridge freezer space, uPVC sealed unit double glazed window with partial sea views, radiator and wall mounted Baxi combination boiler.

Bedroom 1 14'7' reducing to 11'2' x 10'7' (4.48m reducing to 3.41m x 3.26m). With uPVC sealed unit double glazed window and radiator.

Bedroom 2 10'11' x 8'9' (3.08m x 2.71m). With uPVC sealed unit double glazed window and radiator.

Bathroom Comprising panelled bath with shower over, pedestal basin, heated towel rail, uPVC sealed unit double glazed window.

Separate W.C Low flush W.C


Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

EER Chart

The Energy-Efficiency Rating is a measure of a home's overall efficiency. The higher the rating, the more energy-efficient the home is, and the lower the fuel bills are likely to be.

EIR Chart

The Environmental Impact Rating is a measure of a home's impact on the environment in terms of carbon dioxide (C02) emissions - the higher the rating, the less impact it has on the environment.