6 bed block of apartments for sale in Eastborough, Scarborough, YO11


Key Features

  • Investment Opportunity
  • 3 X Two Bed Apartments
  • Ground Floor Commercial Unit
  • Town Centre Location
  • All Gas Central Heating
  • No Onward Chain
  • Sea View From Top Apt
  • Near 10% Return PA

Open to a sensible offer is this freehold building consisting of 3 x two bedroom apartments and a ground floor commercial unit. All currently let out and returning we are informed approximately £21,228 per annum. Ideally located virtually in the centre of Scarborough and at the top of Blands Cliff. The new Flamingo Land development is planned for the bottom of Blands Cliff thus makes this a strategic point in the future as one of the main thoroughfares from the town centre to the sea front. The block is all currently let out with the apartments all on assured shorthold tenancies and the cafe on a lease agreement. Possibilities for the future could be to refurbish the apartments and make successful holiday lettings business as the location does suit this. The apartments could benefit from some refurbishment but this is reflected in the price. The commercial unit alone we believe has a value of £75,000 to £85,000. The apartments refurbished would sell individually at a minimum of £80,000 each. Total individual retail value of approximately £325,000. The sellers are not looking for a delayed sale or rent now purchase later options. They are looking for a straight, no nonsense sale. No offers will be considered without viewing which is strictly via appointment with Harris Shields Collection.

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