Summary - Flat 1, 178, High Street, Marske-by-the-Sea TS11 7NB
8 bed 5 bath Commercial Property
**Standout Features:**
- Four spacious 2-bedroom apartments, fully furnished with modern finishes.
- Current gross rental income of approximately £115,400 per annum from short-term holiday lets.
- Prime seaside location in Marske-By-The-Sea offers easy access to local amenities and attractions.
- Off-street parking available for residents.
**Concerns:**
- High crime rate in the area.
- Average thermal transmittance may require further energy efficiency considerations.
This exceptional freehold property encompasses four tastefully designed two-bedroom apartments, making it an astute investment opportunity. Each apartment is fully furnished and equipped, offering modern kitchens and living spaces illuminated by natural light through stylish skylights. Presently generating an impressive gross income of £9,617 per month, potential buyers can step into a lucrative venture without the hassle of additional upfront expenditures.
Nestled in the charming coastal town of Marske-By-The-Sea, this property is perfectly situated for both holidaymakers seeking a seaside retreat and workers looking for convenient access to the nearby Wilton Industrial sites and Middlesbrough. While the area does face challenges with a higher crime rate, the rising demand for short-term rentals in a well-loved tourist spot mitigates the risk for savvy investors. Don’t miss this opportunity to own a piece of coastal real estate that promises comfort, potential, and immediate returns.
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