House For Sale £1,500,000
46,46a, 48,48a Albert Terrace, Middlesbrough
A stunning not to be missed investment opportunity. Interior designers were employed to create flexible, up market accommodation in the heart of the town. This perfectly maintained, ideally located, and beautifully finished property offers well-presented modern, stylish accommodation surrounded by large gardens. The architect and designers brief was to provide apartments for affluent students, professionals and Airbnb clientele needing a swift commute to work in a relaxing, well connected home. Each apartment or cottage leads or looks out on to well-designed gardens. A feasibility study was drawn up to add another 27 double units to the site.
A short 5-minute walk from Teesside university, a short stroll away from Middlesbrough town centre offering restaurants, parks and local amenities, 15-minute walk to Middlesbrough train station, easy access to A19 / A66, allowing quick and easy commute across the northeast including Teesside International Airport.
This building has been split into four accommodation areas. Original staircases and features have been retained and restored providing spacious, bright, entrance halls.
46 Albert Terrace:
The Ground Floor has 3 large self-contained apartments
The first floor offers a two bedroom self-contained apartment and a one bedroom apartment.
The second floor offers a five bedroom apartment with shared communal area.
46A Albert terrace is a very spacious three bedroom cottage with a large communal area and large shared bathroom.
48 Albert There are six large self-contained apartments over two floors.
48a is a large detached one bedroom cottage
Due to its proximity to Teesside university this property has historically always been fully occupied giving the prospective new owner/landlord considerable peace of mind. With an annual income of circa £168,000 this property represents not only excellent value it’s a safe and exceptionally rare investment opportunity not to be missed.
Currently rented with a mixed clientele of students, professionals and contractors and Airbnb. This property has a proven high yield return each year. No chain, no expense spared, high spec finish throughout.
Modern Auction T&Cs
A reservation fee is payable
sold via modern method of auction.
Auctioneer's Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
A stunning not to be missed investment opportunity. Interior designers were employed to create flexible, up market accommodation in the heart of the town. This perfectly maintained, ideally located, and beautifully finished property offers well-presented modern, stylish accommodation surrounded by large gardens. The architect and designers brief was to provide apartments for affluent students, professionals and Airbnb clientele needing a swift commute to work in a relaxing, well connected home. Each apartment or cottage leads or looks out on to well-designed gardens. A feasibility study was drawn up to add another 27 double units to the site.
A short 5-minute walk from Teesside university, a short stroll away from Middlesbrough town centre offering restaurants, parks and local amenities, 15-minute walk to Middlesbrough train station, easy access to A19 / A66, allowing quick and easy commute across the northeast including Teesside International Airport.
This building has been split into four accommodation areas. Original staircases and features have been retained and restored providing spacious, bright, entrance halls.
46 Albert Terrace:
The Ground Floor has 3 large self-contained apartments
The first floor offers a two bedroom self-contained apartment and a one bedroom apartment.
The second floor offers a five bedroom apartment with shared communal area.
46A Albert terrace is a very spacious three bedroom cottage with a large communal area and large shared bathroom.
48 Albert There are six large self-contained apartments over two floors.
48a is a large detached one bedroom cottage
Due to its proximity to Teesside university this property has historically always been fully occupied giving the prospective new owner/landlord considerable peace of mind. With an annual income of circa £168,000 this property represents not only excellent value it’s a safe and exceptionally rare investment opportunity not to be missed.
Currently rented with a mixed clientele of students, professionals and contractors and Airbnb. This property has a proven high yield return each year. No chain, no expense spared, high spec finish throughout.
Modern Auction T&Cs
A reservation fee is payable
sold via modern method of auction.
Auctioneer's Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
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