This property is no longer available
£560,000
Est. Mortgage £2,554 per month*

Studio flat for sale

Scarborough, YO11
studio Flat studio Flat

Property description

INVESTMENT OPPORTUNITY OF 8 APARTMENTS IN SCARBOROUGH TOWN CENTRE ALL CURRENTLY LET WITH INCOME OF APPROXIMATELY 40,000 PER ANNUM


Investment Opportunity – Block of 8 Apartments in Scarborough Town Centre
Guide Price: £560,000 | Potential Gross Income: £40,000 per annum (Fully Let)
A rare opportunity to acquire a fully residential investment block situated in the heart of Scarborough Town Centre, just moments from shops, transport links, and the seafront.
This mid-terrace property has been converted to provide a total of eight self-contained apartments comprising:
Six one-bedroom apartments
Two studio apartments
The property is well positioned for long-term rentals and, when fully occupied, generates a gross annual income of approximately £40,000, making it a highly attractive proposition for buy-to-let investors or portfolio builders.

Central location within walking distance to all amenities and public transport
Gas central heating and partial double glazing (subject to individual unit specifications)
Potential to enhance rental yield through modernisation or management improvements
Council Tax Bands: A (most units)
No onward chain – available with tenants in situ
This is an excellent opportunity for investors seeking strong rental demand and immediate income in a popular coastal town.

For further information or to arrange a viewing, please contact us today.

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First listed

Over a month ago

Scarborough, YO11

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£2,554
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Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Harris Shields Collection - Scarborough. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Harris Shields Collection - Scarborough for full details and further information.