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7 Newcomen Grove, Redcar, Cleveland, TS10 1BB

  • Unconditional Online Sale
  • Bedrooms: 3
  • Bathrooms: 1
  • Reception Rooms: 1

Description

It is with pleasure that Moovd Online Property Auctions offer For Sale via Option A – Unconditional Online Auction Terms, with a BUY IT NOW PRICE of £80,000 + fees (£4,800 Inc VAT) this three-bedroom operating Air B&B in the town of Redcar.

The accommodation is sold as seen with all furniture packs included in the sale and therefore is ‘ready to go’ from day one! The Air B&B is currently generating £2000 PCM or £24,000 per annum, returning a gross yield of 30.0% on the advertised BUY IT NOW PRICE. A superb return on investment for any investor!

The ground floor layout comprises entrance hallway with staircase to first floor, Bedroom 1, a double with Bay window to ground floor, rear lounge diner and fully fitted kitchen with wall mounted combi gas boiler. To first floor are two further double bedrooms and a white family bathroom WC. Externally is an enclosed rear yard and front forecourt.

Redcar is a popular seaside town on the North Yorkshire coast and located approximately 7 miles East of Middlesbrough. Within the town centre you will find a host of practical day to day amenities, bars, restaurants and beautiful long beachfront, perfect for the targeted tourist market.

An internal viewing comes highly recommended to appreciate the potential of this superb investment.

Ground Floor

Hallway

Bedroom 1(Front) 3.43m x 2.83m (11'3" x 9'3")

Inner Hall

Lounge Diner 3.52m x 3.12m (11'7" x 10'3")

Kitchen 2.96m x 2.67m (9'9" x 8'9")

First Floor

Landing

Bedroom 2 3.37m x 2.40m (11'1" x 7'10")

Bedroom 3 4.50m x 3.47m (14'9" x 11'5")

Bathroom WC 2.97m x 2.70m (9'9" x 8'10")

Externally

Moovd may work in partnership with marketing agents on our Online Auction Lots and act as 'The Auctioneer', throughout the sale process.

Option A - Online Unconditional Auction:

The above property is offered for sale by Online Unconditional Auction (Traditional auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd’s policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting to £3,000.00 Inc VAT (£2,500 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

Council Tax Band

A

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Grant Lowes
01919097020

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