26 bed Block of Apartments

Freehold Block Of 12 Modern Apartments (10 Two-Bed, 2 Three-Bed) Let To A Corporate Tenant Producing £66,000 Per Annum On A Full Repairing And Insuring Lease To March 2029. Positioned In South Bank, TS6, Close To The Teesworks Regeneration Zone, New Retail Developments, Transport Links And Major Employers, Offering A Hands-Off Investment With Strong Income And Excellent Growth Potential. Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.