Valley Road, Scarborough Guide price £890,000

1 - 3 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 or redevelopment opportunity. The property is currently arranged as an investment block of 11 self contained flats that comprise a mix of 6 x 2 bedroom, 4 x 1 bedroom and 1 x 3 bedroom flat, 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.

The flats
Flat 1 2 bed
Flat 2 2 bed
Flat 3 2 bed
Flat 4 2 bed
Flat 5 2 bed
Flat 6 1 bed
Flat 7 1 bed
Flat 8 1 bed
Flat 8A 1 bed
Flat 9 2 bed
Flat 10 3 bed

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

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