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Valley Road, Scarborough 18 bed block of apartments for sale
Valley Road, Scarborough
£890,000
Valley Road, Scarborough
£890,000
Our Summary
- 1 - 3 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 or redevelopment opportunity
- INVESTMENT OPPORTUNITY
- Investment opportunity
Description
This prominent building, located near South Bay in Scarborough, offers a unique investment or redevelopment opportunity. The property is currently arranged as an 11-unit self-contained flat block, comprising a mix of one, two, and three-bedroom flats, all of which are fully let and generating a gross income of approximately £72,260 per annum. The building stands within its own grounds, with extensive gardens to the rear, and is being sold as a freehold investment with the tenants in situ. The flats are all let on Assured Shorthold Tenancies (AST) and offer a range of rental income, from £5,040 to £7,800 per annum. Viewings are strictly by prior appointment with Colin Ellis Property Services.