8 bedroom block of apartments for sale

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8 bedroom block of apartments for sale

57 North Marine Road, Scarborough, North Yorkshire, YO12 7HT
£165,000

Our Summary

  • FOR SALE BY ONLINE AUCTION - End of terrace building arranged as four individual two bedroom flats Description Freehold end of terrace property Four self-contained two bedroom flats Three flats let with a current rental Income of £18,504 per annum Requires refurbishment Potential to increase rental income with refurbishment Opportunity to add value by title splitting the four flats providing flexibility and increased prices on individual sales in the future Location 57 North Marine Road is located within a 10-minute walk of Scarborough town centre and the seafront

Description

This freehold end of terrace property is currently arranged as four individual two-bedroom flats, with three of them currently let, generating a rental income of £18,504 per annum. The property requires refurbishment to increase its rental potential and value, with the opportunity to split the title and sell the individual flats at a higher price in the future. Located in Scarborough, the property is within walking distance to the town centre, seafront, and local amenities, as well as having access to transport links and nearby attractions such as Scarborough Castle and the Open Air Theatre. The property offers a unique investment opportunity for those looking to add value through refurbishment and potential title splitting.