9 bedroom block of apartments for sale

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9 bedroom block of apartments for sale

Albion Road, Scarborough
£525,000

Our Summary

  • *We are delighted to offer this block mixed with bedsits & flats with a current yield of over 8% with a scope for improvements
  • Auctioneers Additional CommentsPattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
  • This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent

Description

This block of mixed-use property, comprising three bedsits and six self-contained flats, is currently fully let and generating an annual income of £46,500, equivalent to an 8% yield. The property has a mix of modern and original features, with each flat and bedsit having its own kitchen and bathroom facilities. The ground floor flat has a large lounge with a modern fireplace, while the top floor office space offers potential for conversion. The property has gas central heating throughout, with some flats also having electric heating. The current tenants are in situ, and the property is being sold via online auction, with terms and conditions applying. Viewings are strictly by appointment only, and interested parties can register their interest and place bids through the auctioneer or marketing agent's website.
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