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4 bed flat
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Our Summary
- SCOPE TO INCREASE RENTAL YIELD
- Offering an excellent opportunity for investors and owner-occupiers alike, the property combines immediate rental income with significant future potential
- With the letting of the vacant two-bedroom apartment and the potential for future rental growth, there is clear scope to increase overall returns
- Alternatively, the layout offers an excellent opportunity for an owner-occupier to reside within the property while continuing to benefit from rental income from the remaining flats, subject to any necessary consents
- A rare and flexible opportunity, this property will appeal to investors seeking a ready-made income-producing asset, developers looking to add value, or owner-occupiers wishing to combine comfortable living with investment potential in one of Scarborough's popular coastal locations
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Description
The property is a versatile portfolio of three self-contained flats situated in a highly sought-after South Side location in Scarborough. The accommodation consists of two tenanted studio flats, each with an open-plan living and sleeping area, a fitted kitchen, and a three-piece bathroom suite, and a vacant two-bedroom apartment with two bedrooms, a fitted kitchen, a bathroom, and a separate WC. The property also features private gardens to both the front and rear, off-road driveway parking, and useful basement storage.
Externally, there is off-street parking via a driveway and basement access.