Marine Parade, Saltburn-By-The-Sea £975,000

Showcasing picture-perfect views of Saltburn's iconic coastline & Huntcliff, an extremely rare opportunity to acquire a fully freehold Grade II Listed block of 6x apartments, all currently tenanted on an AST basis.

Being one of a very few fully freehold buildings remaining on the highly sought after, picturesque Marine Parade, Kingsley House is located on the East side of the promenade, boasting sea & country views including the Cleveland Way, coastline & clifftops. Forming part of the iconic 6-storey buildings; one of the most recognisable structures of Saltburn as you drive in to the Victorian Spa Town from the East side, the building was awarded a Grade II Listing along with its neighbouring properties & wrought iron railings back in 1999.

Recently externally repainted, and with the communal hall fully refurbished in 2022, the building has been maintained to an excellent standard. With all 6x apartments tenanted on an Assured Shorthold Tenancy basis, Kingsley House currently provides a gross rental yield of 4.71% (based on a purchase price of £975,000).

With one apartment per floor, the building offers spacious & desirable apartments with show-stopping views from each floor. Sold as one block, rather than individual units, the building offers investors / developers the chance to gain a ready-made rental portfolio whilst retaining a very rare freehold block in a highly desirable location.

Tenure Details: Freehold, Grade II-Listed Block of Apartments.

Council Tax Band: Band B for all Apartments.

EPC Ratings:

Flat 1 - D-Rating.
Flat 2 - D-Rating.
Flat 3 - D-Rating.
Flat 4 - E-Rating.
Flat 5 - C-Rating.
Flat 6 - D-Rating.

Flat 1 (Basement Apartment)
Accessed via separate steps leading down to the apartment.

Living Room (6.67m x 5.27m / 21'10 x 17'3)
- Carpeted. Cast-iron ornamental fireplace & traditional fire surround. Wooden sash bay window. Wooden door to the front elevation. Open access to the Kitchen.

Kitchen (5.19m x 2.03m / 17'0 x 6'7)
- A range of wall, base & drawer units. Integrated electric oven & hob. Extractor hood. Integrated dishwasher. Breakfast bar. Laminate flooring. Radiator. Access to Pantry / Utility Space.

Pantry Utility Space (2.56m x 1.83m / 8'4 x 6'0)
- Wooden window. Wall-mounted combi-boiler.

Bedroom One (5.04m x 3.62m / 16'6 x 11'10)
- Wooden sash window to the rear aspect. Carpeted. Radiator.

Bedroom Two (3.62m x 2.24m / 11'10 x 7'4)
- Wooden sash window to the rear aspect. Carpeted. Radiator.

Bathroom (3.57m x 1.65m / 11'8 x 5'4)
- Panel bath with shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C. Tiled walls. Vinyl flooring. Recess space with vanity unit. LED downlighting. Extractor fan.

Communal Hall
Recently refurbished, a light & airy communal hall with main staircase leading to all apartments. Integrated heat & smoke alarm control panel for the full building. Access to the rear elevation, and the basement apartment below.

Flat 2 (Ground-Floor Apartment)
Accessed from the ground floor of the communal hall.

Living Room (6.71m x 5.27m / 22'0 x 17'3)
- Victorian coving, ceiling cornice & picture rail. Wooden sash bay window showcasing spectacular views of Saltburn's coastline & Huntcliff. Feature tiled fireplace. Laminate flooring. Radiator.

Kitchen (3.66m x 2.10m / 12'0 x 6'10)
- A range of wall, base & drawer units. Laminate worktops incorporating stainless steel 1 1/2 bowl sink with single drainer & mixer tap. Integrated electric oven & gas hob. Extractor hood. Tiled splash-backs. Sash window to the rear aspect. Tiled floor. Space for under-counter fridge & freezer.

Bedroom (3.41m x 3.22m / 11'2 x 10'6)
- Wooden sash window to the rear aspect. Fitted wardrobe. Laminate flooring. Radiator.

Bathroom (2.67m x 1.75m / 8'9 x 5'8)
- Panel P-shaped bath with shower above. Glazed shower screen. Low-level W/C. Pedestal hand basin. Tiled walls. Storage cupboard. Vinyl flooring. Extractor fan.

Flat 3 (First Floor Apartment)
Hallway (3.27m x 1.36m / 10'8 x 4'5)
- Laminate flooring. Radiator. Fuse board. Smoke alarm.

Living Room (5.40m x 5.22m / 17'8 x 17'1)
- Sash bay window to the front aspect with views over Saltburn's coastline. Victorian coving, ceiling cornice & picture rail. Feature tiled fireplace. Laminate flooring. Radiator.

Kitchen (3.74m x 2.18m / 12'3 x 7'1)
- A range of wall, base & drawer units. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Integrated electric oven & hob. Extractor hood. Space for under-counter fridge & freezer. Plumbing for washing machine. Tiled splash-backs. Wooden door leading to the fire escape. Wall-mounted brand new (March 2023) Worcester combi-boiler.

Bedroom One (5.38m x 3.62m / 17'7 x 11'10)
- Wooden glazed window to the front aspect. Victorian coving & picture rail. Laminate flooring.

Bedroom Two (3.72m x 3.24m / 12'2 x 10'7)
- Laminate flooring. Radiator. Window to the rear aspect.

Bathroom (2.64m x 1.80m / 8'7 x 5'10)
- Panel bath with shower above. Glazed shower screen. Pedestal hand basin. Low-level W/C.

Flat 4 (Second Floor Apartment)
Having undergone full refurbishment in December 2021 / January 2022.

Hallway
- Carpeted (fitted 2022). Radiator. Fuse board & heating controls. Access to private storage cupboard in the main communal hall.

Living Room (5.41m x 4.98m / 17'8 x 16'4)
- Carpeted (fitted 2022). Sash bay window with beautiful views over Saltburn & Huntcliff. Coving, ceiling cornice & picture rail. Feature tiled fireplace. Radiator.

Kitchen (3.81m x 2.16m / 12'5 x 7'1)
- A recently fitted (Dec. 2021) modern contemporary kitchen comprising of a range of wall, base & drawer units. Laminate worktops incorporating stainless steel sink with single drainer & mixer tap. Integrated Bosch electric oven & induction hob. Extractor hood. Tiled splash-backs. Integrated dishwasher, fridge, freezer & washing machine. Wall-mounted combi-boiler. Laminate flooring. Wooden window & door leading to the fire escape. LED downlighting.

Bedroom One (3.99m x 3.45m / 13'1 x 11'3)
- Carpeted (fitted 2022). Sash window to the front aspect with sea views. Coving. Fitted wardrobes. Radiator.

Bedroom Two (3.77m x 3.34m / 12'4 x 10'11)
- Sash window to the rear aspect. Carpeted (fitted 2022). Radiator.

Bathroom (2.68m x 1.76m / 8'9 x 5'9)
- A modern & stylish bathroom suite, fitted December 2021. Panel bath with shower above. Foldable shower screen. Hand basin within the vanity unit. Low-level W/C. Vinyl flooring. Heated towel rail. Storage cupboard. Tiled walls.

Flat 5 (Third Floor Apartment)
Hallway
- Laminate flooring. Radiator. Central heating thermostat. Fuse board.

Living Room (5.39m x 5.03m / 17'8 x 16'6)
2x sash windows to the front aspect. Coving, ceiling cornice & picture rail. Laminate flooring. Feature fireplace with electric fire. Radiator.

Kitchen (3.83m x 2.17m / 12'6 x 7'1)
A range of wall, base & drawer units. Laminate worktops incorporating stainless steel sink with single drainer. Integrated electric oven & hob. Tiled splash-backs. Plumbing for washing machine & dishwasher. Wall-mounted Baxi combi-boiler. Wooden window & door to the rear aspect, leading to the fire escape.

Bedroom One (4.01m x 3.44m / 13'1 x 11'3)
- Sash window to the front aspect with sea views. Feature fireplace. Fitted wardrobes within the chimney alcoves. Coving & picture rail. Laminate flooring. Radiator. Access to Bedroom One En-Suite.

Bedroom One En-Suite (2.26m x 1.17m / 7'4 x 3'10)
- Walk-in shower cubicle. Pedestal hand basin. Low-level W/C. Tiled walls. LED downlighting.

Bedroom Two (3.74m x 3.29m / 12'3 x 10'9)
- Sash window to the rear aspect. Laminate flooring. Radiator.

Bathroom (2.60m x 1.80m / 8'6 x 5'10)
- Panel bath with shower above. Pedestal hand basin. Low-level W/C. Part-tiled walls. Storage cupboard. Extractor fan. Vinyl flooring.

Flat 6 (Fourth Floor Apartment)
Hallway
- Laminate flooring. Radiator. Loft hatch.

Living Room (5.33m x 5.06m / 17'5 x 16'7)
- Laminate flooring. UPVC double glazed window to the front aspect with sea & coastline views. Feature tiled fire surround. Radiator.

Kitchen (4.06m x 2.28m / 13'3 x 7'5)
- A range of wall, base & drawer units. Laminate worktops incorporating stainless steel sink with single drainer. Integrated electric oven & hob. Tiled floor. Plumbing for washing machine & dishwasher. Tiled splash-backs. Integrated fridge / freezer. Wooden single glazed window & door to the rear aspect, leading to the fire escape. Wall-mounted combi-boiler.

Bedroom One (3.69m x 3.39m / 12'1 x 11'1)
- UPVC double glazed window to the front aspect boasting sea & country views. Storage cupboard. Radiator. Laminate flooring.

Bedroom Two (3.56m x 3.24m / 11'8 x 10'7)
- 2x UPVC double glazed windows to the rear aspect with views over the Town. Storage cupboard. Laminate flooring.

Bathroom (2.76m x 1.76m / 8'6 x 5'9)
- Panel bath with shower above. Glazed shower screen. Tiled walls. Pedestal hand basin. Low-level W/C. Extractor fan.

External

Rear Elevation
A large enclosed communal courtyard with double wooden gates opening to the alley. 2x detached single garages with roller shutter doors, which are also currently rented on rolling contracts.

Disclaimer
Please note that all measurements contained in these particulars are for guidance purposes only and should not be relied upon for ordering carpets, furniture, etc. Anyone requiring more accurate measurements may do so by arrangement with our office.

Our description of any appliances and / or services (including any central heating system, alarm systems, etc.) should not be taken as any guarantee that these are in working order. The buyer is therefore advised to obtain verification from their solicitor, surveyor or other qualified persons to check the appliances / services before entering into any commitment.

The tenure details and information supplied within the marketing descriptions above are supplied to us by the vendors. This information should not be relied upon for legal purposes and should be verified by a competent / qualified person prior to entering into any commitment.