1 bed flat for sale

141 Clough Close, Middlesbrough, Cleveland TS5

Guide Price = £35,000+

**For Sale By Public Auction 3rd July 2025 10:00 am. To inspect the legal documents for this property go to our website to download the legal pack**

A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £5,100 Per Annum (Reflecting a Gross Initial Yield of 14.57%).

Tenure
Leasehold. The property is held on a 155 year lease from 1st April 2003 (thus approximately 132 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Albert Park are within easy reach. Transport links are provided by Middlesborough rail station.

Description
The property comprises a first floor one bedroom flat situated within a purpose built block arranging over ground and two upper floors.

Accommodation
First Floor
Reception Room
Kitchen
Bedroom
Bathroom

Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £425 per calendar month.

Viewing Appointments to be Confirmed

Addendum
Please note that this property is subject to a Buyers Premium of 1.2%+ VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.