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New Queen Street, Scarborough Guide price £250,000

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  • INVESTMENT BLOCK
  • FIVE WELL PRESENTED SELF CONTAINED FLATS
  • TO BE SOLD WITH TENANTS IN PLACE
  • INCOME OF £25,200 PER ANNUM WHEN FULLY LET
  • SEPARATE UTILITY METERS

A Freehold investment block of 5 self contained one bedroom flats conveniently located in Scarborough town centre. They are all well presented and have the benefit of separate utility meters. When fully let the building generates an income in the regions of £25,200 per annum. To be sold subject to the existing Assured Shorthold Tenancies that are in place.

The Building
Five storey mid terrace building that is currently arranged as 5 self contained flats that are all in good condition. UPVC double glazed windows to the rear and recently decorated front elevation with timber frame sash windows.

Income
Flat 1 £450 pcm
Flat 2 £400 pcm
Flat 3 £425 pcm
Flat 4 £425 pcm
Flat 5 £400 pcm

The building generates a gross income of £25,200 per annum when fully let.

Tenure
Freehold

To be sold subject to the existing Assured Shorthold Tenancy (AST) agreements that are in place.

Viewing
Strictly via appointment only with Colin Ellis Property Services

To view all our commercial listings please visit www.colinellis.co.uk


New Queen Street
Scarborough YO12 7HL
Sale Type: For Sale
Ref #: 32687038

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