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Valley Road, Scarborough 8 bed block of apartments for sale
Valley Road, Scarborough
£400,000
Valley Road, Scarborough
£400,000
Our Summary
- 5 Valley Road, Scarborough - This prominent building is situated close to the picturesque South Bay and not only offers a beautiful setting but also the potential for a good investment / development opportunity
- INVESTMENT OPPORTUNITY
- Investment opportunity
Description
This prominent building located on 5 Valley Road, Scarborough, offers a unique investment opportunity with the potential for development. The property is currently arranged as a block of four self-contained two-bedroom flats, all fully let and generating a gross annual income of £25,172. The building is a four-story structure with four flats, each with two bedrooms, currently let on Assured Shorthold Tenancies. The property is being sold as a freehold investment opportunity, with the tenants remaining in situ. The flats are let at the following rates: Flat 11 (£6,500), Flat 12 (£6,240), Flat 14 (£6,720), and Flat 15 (£5,712), totaling £25,172 per annum when fully let.