Summary - 29 ZETLAND ROAD LOFTUS SALTBURN-BY-THE-SEA TS13 4PW
6 bed 1 bath Residential Development
**Standout Features:**
- **Investment Opportunity:** 8.6% yield with a total rental income of £62,400 per annum.
- **Refurbished Apartments:** Six well-decorated and recently renovated self-contained apartments.
- **Long-Term Tenant:** Current tenant willing to sign a new 5-year lease (with a break clause at year 3).
- **Off-Street Parking:** Includes a 14-space car park on a separate title.
- **Potential for Holiday Rentals:** Versatile operation as holiday lets with potential for increased income.
**Property Summary:**
Discover a lucrative investment at 29 Zetland Road, Loftus, a recently refurbished residential development comprising six impressively decorated apartments. Currently tenanted at £5,200 monthly, this property promises an enticing 8.6% yield, perfect for investors seeking stable income and growth potential. The long-term tenant is ready to sign a new five-year lease, ensuring your investment remains secure.
Located in a central urban setting, these modern units are ideal for both residential and holiday let purposes, offering significant flexibility for future owners. The added value of a 14-space car park caters perfectly to potential tenants and guests, enhancing overall appeal.
While the area does have a high crime rate and is classified as deprived, its proximity to excellent local amenities—including schools rated 'Outstanding' and various recreational facilities—offers convenience and accessibility. With an asking price of £725,000, this property presents an exclusive opportunity to step into a well-maintained, income-generating asset. Don't miss your chance to capitalize on this promising investment; the market for such properties is fiercely competitive.
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