West Road, Loftus, TS13 4RG

£150,000
SAMSUNG CAMERA PICTURES
IMG_6613
IMG_6609
IMG_6610
IMG_6611
IMG_6612
IMG_6614
IMG_6615
IMG_6636
IMG_6637
IMG_6638
IMG_6639
IMG_6640
IMG_6641
IMG_6643
IMG_6616
IMG_6617
IMG_6618
IMG_6619
IMG_6620
IMG_6621
IMG_6622
IMG_6623
IMG_6624
IMG_6627
IMG_6628
IMG_6630
IMG_6631
IMG_6633
IMG_6635
SAMSUNG CAMERA PICTURES
IMG_6613
IMG_6609
IMG_6610
IMG_6611
IMG_6612
IMG_6614
IMG_6615
IMG_6636
IMG_6637
IMG_6638
IMG_6639
IMG_6640
IMG_6641
IMG_6643
IMG_6616
IMG_6617
IMG_6618
IMG_6619
IMG_6620
IMG_6621
IMG_6622
IMG_6623
IMG_6624
IMG_6627
IMG_6628
IMG_6630
IMG_6631
IMG_6633
IMG_6635
  • Quick Map
  • Bedrooms: 5
  • Bathrooms: 5
Type: Apartment
Apartment|
For Sale|

Property details

Property Features

  • Investment Opportunity
  • Ground Floor Retail 10 year lease
  • 5 One Bedroom Flats
  • Total Rental Income £23,000 Per Annum

Property Summary

Location:

The property is situated on West Road in the coastal town of Loftus, Saltburn-by-the-Sea. Situated half way between Middlesbrough and Whitby(approx.18miles either way), Loftus is a mainly residential area. West Road is a largely commercial street in Loftus, with several local businesses and other services including a post office and health centre..

Commercial Accommodation:

Ground floor A5 hot food take away currently trading as Goodfellows Pizzeria, consisting of main sales area, kitchen, storage and staff W.C. NI Aapprox .62.80sqm.

Flat1: First Floor Hallway Lounge/kitchen: 12.80sqm Bedroom: 6.66sqm Bathroom: 4.70sqm NIA 28.28sqm
Flat2: First Floor Lounge/ kitchen: 19.60sqm Bedroom: 8.97sqm Bathroom: 2.66sqm NIA 31.23sqm
Flat3: Second Floor Hallway Lounge/kitchen: 11.91sqm Bedroom: 6.75sqm Bathroom: 4.03sqm NIA 27.01sqm
Flat4: Second Floor Lounge/kitchen: 11.44sqm Bedroom: 6.69sqm Bathroom:3.77sqm NIA 21.90sqm
Flat5: Third Floor Lounge/ bedroom: 19.70sqm Kitchen: 6.00sqm Bathroom:3.00sqm NIA 28.70sqm

Services:

The flats all have individual water and electric meters. They also have individual electric wall heaters, plus hot water tank for running water. Every flat has a bathroom.
A new fire alarm system was fitted within last 12 months which links into the shop on the ground floor.
Tenure Freehold. Title number CE80636.

Lease Details: The current shop is on an eleven year lease at £5,200 per annum with start date of 21st October 2015. The occupier has been in the unit since 1996. The lease allows the buyer to charge their management fees and insurance costs back to the tenant. The five flats are let to one company on a 3 year lease at £18,000 per annum with a start date of 7 March 2017. The company sublets the flats. Landlord only breaks every six month.

46 West Road, Loftus, Saltburn By The Sea, TS13 4RG
46 West Road, Loftus, Saltburn By The Sea, TS13 4RG

Fees: £200 admin fee and £40 guarantor fee.