Eastborough, Scarborough, YO11 1NH Mixed use for sale

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Eastborough, Scarborough, YO11 1NH Mixed use for sale

Eastborough, Scarborough, YO11 1NH
£350,000

Our Summary

  • 75 pcm with 5% annual uplift
  • ViewingsStrictly by appointment with Auction House on[use Contact Agent Button] or the joint agents Reeds Rains on[use Contact Agent Button]

Description

This stunning five-story mixed-use property is situated in Scarborough's historic Old Town, just yards from the famous South Beach and Harbour. The property benefits from stunning sea and coastal views and is ideally located near Foreshore Road & Sandside (South Bay) and the town centre. The ground floor is home to a thriving café/bistro, currently let on a 7-year lease, with a monthly rent of £834.75. The first floor features a spacious maisonette, which has been fully refurbished and is currently run as a successful holiday let, with a £21,480 net annual income. The property offers a fantastic trading position, with the town centre and South Bay within walking distance, making it an attractive opportunity for investors and purchasers alike.