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2023-03-01 12 14 32 40c33ee4 3da2 43b0 bf6c 46b62d

2 bedroom flat

Auction
Flat
2 beds
656
EPC rating: F
Added > 14 days

Key information

TenureLeasehold
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Leasehold residential investment
  • Coastal location close to town centre
  • Two bedroom apartment
  • Let on an AST
  • Producing £5,100 per annum
  • Guide price reflects a gross initial yield of 14.6%
  • Online Auction on Thursday, 30 March 2023

A split level two bedroom apartment forming part of a larger purpose-built development that is in the process of being re-carpetted & re-decorated. The property is arranged as follows:

First floor

  • Kitchen
  • Living Room

Second floor

  • Two bedrooms
  • Bathroom/WC

Location:

Redcar is a coastal town lying about 8 miles east of Middlesbrough and 23 miles north east of Darlington and can be accessed via the A174, A1085 and A66. The town has two railway stations, these being Redcar Central and Recar East, which provide regional rail services and numerous bus services serve the town.

Harwal Road runs south from York Road, about 1 mile to the west of the town centre and Redcar Central railway station and within a few minutes walk of the beach. The property forms part of a purpose-built block of flats at the southern end of Harwal Road in a mainly residential area.


Tenancy:

Let on an Assured Shorthold Tenancy for a term of 12 months from 12/12/2022 at a rent of £5,100 per annum (£425 per calendar month). A rent deposit equivakent to two months rent is held.


Online Auction on Thursday, 30 March 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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