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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
Description
Walshe's Property is offering a unique mixed-use investment opportunity in Scunthorpe, North Lincolnshire, comprising nine flats, two houses, and three commercial units with associated stores. The property is currently fully tenanted, but the current rental yields are not optimized, with potential yields of £1,000-£1,100 per month for the commercial units, £1,200 per month for the houses, and £3,150 per month for the one-bedroom flats. The total monthly rent is £8,650, translating to an annual rent of £103,800 and a gross rental yield of 10.93%. This presents an attractive investment opportunity for those looking to capitalize on the property's potential.