>
Frodingham Road, Scunthorpe DN15 Mixed use for sale
Frodingham Road, Scunthorpe DN15
£950,000
Frodingham Road, Scunthorpe DN15
£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 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 rental yields are not maximized, with potential yields of up to 10.93%. The commercial units have the potential to generate £3,300 per month, while the residential units could bring in £8,650 per month, for a total annual rent of £103,800. The property is freehold and has an exempt council tax band, making it an attractive investment opportunity. The businesses currently occupying the commercial units will relocate if the property is sold, making it an ideal chance for an investor to capitalize on the property's potential.