Valley Road, Scarborough Guide price £890,000

Valley Road, Scarborough - This prominent building is situated close to the picturesque South Bay and not only offers a beautiful setting but also the potential for a good investment. The property is currently arranged as an investment block of 11 self contained flats, which are all fully let and generates a current gross income of circa, £72,260 per annum.

The Building
An impressive 4 storey building that is currently arranged as 11 self contained letting units with a mix of one and two bedrooms, they are all currently let on Assured Shorthold Tenancies (AST) and generate a gross rental income of approximately £72,260 per annum . The building stands within its own grounds with extensive gardens to the rear.

Tenure
Freehold and to be sold as an investment with the tenants in situ.

Viewing
Strictly by prior appointment with sole agents Colin Ellis Property Services on 01723 363565

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

Rental Income
Flat 1 £6,760
Flat 2 £6,500
Flat 3 £7,280
Flat 4 £8,400
Flat 5 £6,000
Flat 6 £5,040
Flat 7 £6,240
Flat 8 £5,640
Flat 8A £6,000
Flat 9 £6,600
Flat 10 £7,800

TOTAL £72,260 per annum when fully let