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Mixed Use Investment Opportunity... Mixed use 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 presents a fantastic mixed-use investment opportunity in Scunthorpe, North Lincolnshire, comprising nine flats, two houses, and three commercial units with associated stores. The property is fully tenanted, but the current rental yields are not reflective of their full potential. With potential yields listed, the property has the potential to generate a gross rental yield of 10.93%. The commercial units have a potential rent of £1,000-£1,100 per month, while the terraced houses and flats have a potential rent of £1,200-£3,150 per month. The total monthly rent is £8,650, with a total annual rent of £103,800. This investment opportunity is a great chance to generate a significant income.