Eastborough, North Yorkshire YO11 5 bed terraced house for sale

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Eastborough, North Yorkshire YO11 5 bed terraced house for sale

Eastborough, Scarborough, North Yorkshire, YO11
£425,000

Our Summary

  • 75 pcm with 5% annual uplift
  • Viewing comes highly recommended to appreciate the substantial accommodation and potential this property has to offer

Description

This five-story mixed-use property is located in Scarborough's Old Town, just yards from the famous South Beach and Harbour. The property comprises a café/bistro on the ground and lower floors, currently tenanted on a 7-year lease with a monthly rent of £834.75, and a maisonette on the upper floors, which has been fully refurbished and is currently operated as a successful holiday let with an annual income of £44,000. The property is situated in a prime trading position on Eastborough, linking the town center with the South Bay, and is a well-trodden route during the busy tourist seasons. The property offers a fantastic opportunity to acquire the freehold interest in this prominent Old Town building, with potential for further development or refurbishment.