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8 bed flat
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Our Summary
- IDEAL INVESTMENT OPPORTUNITY
- +++Substantial Residential Investment Opportunity – Fully Let Block of 8 Apartments in Scarborough Town Centre
- The current configuration provides a solid and established income stream, while also offering future scope for an incoming purchaser to further enhance returns through refurbishment, modernisation, or revised management strategies
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Description
The property is a fully let block of 8 self-contained apartments located in Scarborough Town Centre, consisting of 6 one-bedroom apartments and 2 studio apartments. It is situated within walking distance of the town's main shopping areas, railway station, and seafront. Each apartment has gas central heating and partial double glazing, and all have a "band A" council tax rating.
The property currently generates a gross rental income from tenants occupying the properties, which is expected to provide an attractive gross rental yield of approximately 8.08% based on the asking price of £495,000.