Property for sale

Rooms

Location
The property is surrounded by a range of shops and local amenities, including Morrisons and Tesco Superstores, ensuring convenience for both residents and potential tenants. Furthermore, Redcar Beach is within walking distance, providing leisure and recreational opportunities. With Redcar Rail Station approximately 0.5 miles to the southeast, residents have convenient access to regular services connecting Middlesbrough, Newcastle, and Leeds. Additionally, the A19, A66, and A1(M) motorway are easily accessible, facilitating efficient travel by road.

Accommodation
Prime HMO building with an active HMO license. This property boasts a total Net Internal Area (NIA) of approximately 175 sq m (1,884 sq ft) and is currently configured to provide eight letting rooms along with communal facilities.

Lease Information
The property is currently leased to Mears Group until March 2025, with a total current rent of GBP 1731.22 PM X 12. £20,774.67 per annum Mears Group covers all utility bills and repair costs for the eight rooms, providing a reliable income stream for the prospective investor.

Tenure
Freehold. Title number CE10106

Council Tax
Band C

EPC
Available Upon Request (Rating D).

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.