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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, comprising nine flats, two houses, and three commercial units with associated stores. The property is fully tenanted, with potential rental yields not yet maximized. The commercial units have the potential to generate £2,300 per month, while the residential units can bring in £6,350 per month, totaling £8,650 per month and £103,800 per year. The gross rental yield is a significant 10.93%. The businesses currently occupying the commercial units will relocate if the property is sold, and the property is exempt from council tax due to its mixed-use classification.