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Mixed Use Investment Opportunity... 17 bed property for sale
Mixed Use Investment Opportunity, Scunthorpe
£950,000
Mixed Use Investment Opportunity, Scunthorpe
£950,000
Our Summary
- Walshe's Property proudly presents this fantastic mixed used investment opportunity in the heart of Scunthorpe, North Lincolnshire
- Currently the property is fully tenanted, however, the current rental yields are not reflective of their full potential, with the potential yields listed as below: Commercial Unit 1 - £1,000 pcm Commercial Unit 2 - £1,100 pcm Commercial Unit 3 - £1,100 pcm Terraced House X2 - £1,200 pcmOne bedroom flat X7 - £3,150 pcmTwo bedroom flat X2 - £1,100 Total Monthly Rent - £8,650 Toal Annual Rent - £103,800Gross Rental Yield of 10
- Mixed Use Investment Opportunity
Description
Walshe's Property presents a unique mixed-use investment opportunity in Scunthorpe, North Lincolnshire, comprising nine flats, two houses, and three commercial units with rear stores. The property is currently fully tenanted, but the rental yields are not yet optimized, with potential yields of up to 10.93% per annum. The commercial units and houses have significant rental potential, with the two-bedroom flats and one-bedroom flats generating a combined monthly rent of £8,650. The property's freehold tenure and exempt council tax band add to its appeal, making it an attractive investment opportunity for those looking to capitalize on its untapped potential.