Sponsored Get a Survey — free quotes via ReallyMoving
17 bed property
Next Steps
Sponsored — free quotes via ReallyMoving
Get a Survey
Essential before buying a property with potential — compare up to 5 quotes free
Our Summary
- Mixed Use Investment Opportunity
- 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 pcmCommercial Unit 2 - £1,100 pcmCommercial Unit 3 - £1,100 pcmTerraced House X2 - £1,200 pcmOne bedroom flat X7 - £3,150 pcmTwo bedroom flat X2 - £1,100Total Monthly Rent - £8,650Toal Annual Rent - £103,800Gross Rental Yield of 10
Get alerted when similar properties are listed — Subscribe
Description
The property is a mixed-use investment opportunity in Scunthorpe, featuring nine flats, two houses, and three commercial units. The property includes a parking area and is fully tenanted with a total monthly rent of £8,650. The commercial units are separately rented: Unit 1 for £1,000, Unit 2 for £1,100, and Unit 3 for £1,100.
Two terraced houses and seven one-bedroom flats, along with two two-bedroom flats, also contribute to the total rent. The entire property is freehold, and the council tax band is exempt.