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Eastborough, Scarborough YO11 5 bed block of apartments for sale
Eastborough, Scarborough YO11
£265,000
Eastborough, Scarborough YO11
£265,000
Our Summary
- Investment Opportunity
- Scope for further improvement
Description
This is an exceptional investment opportunity to acquire a freehold block of 5 self-contained flats in a prime Scarborough location, just a short walk from the beach and local amenities. The block offers 3 two-bedroom and 2 one-bedroom units, with 4 properties currently tenanted and 1 vacant. The average annual yield is £22,500, with potential for further improvement. The block has well-maintained communal areas, separate utility meters for each unit, and a rare chance to purchase a ready-made rental portfolio ideal for both seasoned investors and those entering the buy-to-let market. With its prime location, growing rental demand, and potential for long-term capital growth, this property presents a solid investment opportunity.