Call the team on 020 7625 9007 for more information
A Vacant Parcel of Five Self-Contained Flats Above Commercial Premises (One x Four Bedroom, Four x Two Bedroom Flats).
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.
Long Leasehold. The flats are each held on 999 year leases from 15th August 2007 (thus approximately 987 years unexpired).
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.
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: https://lha-direct.voa.gov.uk).
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.