Inglebys Estate Agents
4A Station Street
Saltburn-By-The-Sea
North Yorkshire
TS12 1AE
High Street, Loftus
£245,000
Block of Flats
- Block of 5x Apartments
- Currently Generating a Gross Yield of 12.43% (Based on a Purchase Price of £245,000)
- Strong Potential to Increase the Yield
- A Fantastic Investment Opportunity in an Up & Coming Area
- 1x Apartment Being a Holiday Let generating an average income of £14k per annum
- 4x Apartments Currently Tenanted on Residential AST Agreements
- Views over Loftus' Historic Market Place & Town Hall
- Viewing is Strictly by Appointment Only
- Please Enquire for More Details
Welcome to this exceptional property located on High Street in Loftus, right in the heart of the historic Market Place. This block of apartments offers a lucrative investment opportunity for those seeking a promising venture.
With a current gross yield of 12.43%, this property already boasts a fantastic return on investment. However, the very strong potential for further growth is what truly sets this opportunity apart. The location in Loftus' historic Market Place ensures a steady stream of interest from potential tenants or holidaymakers, guaranteeing a stable income for the future.
Whether you are an experienced investor looking to expand your portfolio or someone new to the property market, this block of apartments presents a chance to secure a valuable asset in an up-and-coming area. Don't miss out on the chance to own a piece of Loftus' history while reaping the financial rewards it has to offer.
Tenure: All apartments have their own title plan with leases attached.
Council Tax Band: All Apartments are Band-A, with the exception of Flat 3 which is currently exempt (currently a holiday rental).
EPC Ratings: Apartments 1, 2, 3 & 4 - D-Rating, and Apartment 5 - E-Rating.
Apartment One
Hall
8.23m x 1.80m (27'0" x 5'10")UPVC double glazed window to the rear aspect. Laminate flooring. Door to outdoor decking area.
Living Room & Kitchen
5.61m x 5.09m (18'4" x 16'8")A range of wall & base units with laminate worktops. Integrated electric oven & hob. Extractor hood. 2x windows to the side aspect. Laminate flooring. LED downlighting.
Bedroom One
3.46m x 3.10m (11'4" x 10'2")2x windows overlooking the outdoor decking area. Laminate flooring. Radiator.
Bedroom Two
3.09m x 2.72m (10'1" x 8'11")UPVC double glazed window to the side aspect. Laminate flooring. Radiator.
Bathroom
1.73m x 1.70m (5'8" x 5'6")Panel bath with shower above. Pedestal hand basin. Low-level W/C. UPVC double glazed window. Laminate flooring. LED downlighting.
Apartment Two
Living Room
5.81m x 3.39m (19'0" x 11'1")Window. Carpeted. Radiator. Access to Bedroom One
Bedroom One
5.33m x 3.40m (17'5" x 11'1")Sash window to the side aspect. Carpeted. Radiator.
Bedroom Two
4.18m x 1.76m (13'8" x 5'9")UPVC double glazed window to the rear aspect. Carpeted. Radiator.
Bathroom
3.21m x 2.76m (10'6" x 9'0")Panel P-Bath with shower above. Glazed shower screen. Part-tiled walls. Low-level W/C. Pedestal hand basin. UPVC double glazed window to the rear aspect. Vinyl flooring.
Kitchen
3.55m x 3.22m (11'7" x 10'6")A range of wall & base units with laminate worktops incorporating stainless steel wink with single drainer. Plumbing for washing machine. Integrated electric oven & gas hob. Extractor hood. Tiled splash-backs. Laminate flooring. UPVC double glazed windows to the side aspect. Wall-mounted combi-boiler. Radiator.
Apartment Three
Living Room
4.85m x 3.91m (15'10" x 12'9")UPVC double glazed bay window to the front aspect with views over the Market Place & Town Hall. Laminate flooring. 2x radiators. LED downlighting.
Kitchen
4.76m x 3.75m (15'7" x 12'3")A range of modern wall, base & drawer units. Integrated eye-level double oven with separate gas hob. Extractor hood. Integrated fridge / freezer. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Laminate flooring. LED downlighting. UPVC double glazed bay window to the front aspect overlooking the Market Place & Town Hall. Radiator.
Bedroom One
4.20m x 3.29m (13'9" x 10'9")Window to the side aspect. Carpeted. Radiator. Fitted wardrobe.
Bedroom Two
4.04m x 2.96m (13'3" x 9'8")UPVC double glazed window to the side aspect. Carpeted. Radiator.
Bedroom Three
3.65m x 2.78m (11'11" x 9'1")UPVC double glazed window to the rear aspect. Carpeted. Storage cupboard. Radiator.
Bathroom
2.36m x 1.50m (7'9" x 4'11")Panel bath with shower above. Glazed shower screen. Low-level W/C. Pedestal hand basin. Chrome heated towel rail. Vinyl flooring. Tiled walls. LED downlighting.
Shower Room
1.84m x 1.75m (6'0" x 5'8")Walk-in shower cubicle. Low-level W/C. Hand basin with vanity unit. Tiled walls. Vinyl flooring. UPVC double glazed window. Chrome heated towel rail.
Apartment Four
Living Room
5.95m x 3.25m (19'6" x 10'7")Laminate flooring. Window to the side aspect. Radiator.
Bedroom One
5.64m x 2.89m (18'6" x 9'5")Carpeted. Window to the side aspect. Radiator.
Kitchen
3.64m x 3.42m (11'11" x 11'2")A range of wall & base units. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Integrated electric oven & gas hob. Extractor hood. Laminate flooring. Plumbing for washing machine. 2x UPVC double glazed windows to the side aspect. Radiator.
Bedroom Two
4.12m x 1.76m (13'6" x 5'9")Carpeted. UPVC double glazed window. Radiator. Loft hatch.
Bathroom
3.22m x 2.75m (10'6" x 9'0")Panel P-bath with shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C. Vinyl flooring. UPVC double glazed window. Radiator.
Storage Cupboard
2.00m x 2.00m (approx.) (6'6" x 6'6" (approx.))Accessed from the landing, a handy lockable storage cupboard.
Apartment Five
Entrance Hall
2.21m x 1.80m (7'3" x 5'10")Carpeted. UPVC double glazed window.
Open-Plan Living, Dining & Kitchen Area
8.95m x 5.21m (29'4" x 17'1")A fabulous light & airy open-plan living space with open views over the Town Hall. Carpeted to the Living & Dining Area, with laminate flooring to the Kitchen. A range of wall & base units. Laminate granite-effect worktops incorporating stainless steel 1 1/2 bowl sink with single drainer & mixer tap. Tiled splash-backs. Integrated electric oven & gas hob. Extractor hood. Plumbing for washing machine. 2x Hardwood glazed sash windows to the side aspect, 2x hardwood glazed sash windows to the front aspect & additional skylight. LED downlighting. 3x Radiators. Loft hatch.
Bedroom One
4.33m x 4.04m (14'2" x 13'3")Carpeted. Radiator. Hardwood glazed sash window to the front aspect.
Bedroom Two
4.23m x 3.42m (13'10" x 11'2")Carpeted. Radiator. Storage cupboard housing the boiler. UPVC double glazed window to the side aspect.
Bathroom
4.28m x 2.51m (14'0" x 8'2")Panel bath with thermostatic shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C. Vinyl flooring. Hardwood glazed sash window. Radiator.
Disclaimer
Please note that all measurements contained in these particulars are for guidance purposes only and should not be relied upon for ordering carpets, furniture, etc. Anyone requiring more accurate measurements may do so by arrangement with our office.
Our description of any appliances and / or services (including any central heating system, alarm systems, etc.) should not be taken as any guarantee that these are in working order. The buyer is therefore advised to obtain verification from their solicitor, surveyor or other qualified persons to check the appliances / services before entering into any commitment.
The tenure details and information supplied within the marketing descriptions above are supplied to us by the vendors. This information should not be relied upon for legal purposes and should be verified by a competent / qualified person prior to entering into any commitment.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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