3 bedroom house in York Place, Scarborough, YO11 2NP

Description

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13% Below Market Value

Small Mixed Portfolio

 

Grade II Listed Freehold Block

1 x 2 Bed Duplex Apartment

3 Small Commercial Units

 

York Place, Scarborough, YO11 2NP

 

Purchase Price = £195,000

Market Value = £225,000

Finder’s Fee = £4,000 + Vat

 

Total Gross Income = £1,650 pcm = £19,800 per annum

 

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £964 pcm = £11,568 per annum

Self Managed = £1,162 pcm = £13,944 per annum

 

For a limited time only, we have managed to secure a readymade and income producing mixed use portfolio within proximity to Scarborough Town Centre.

The property comprises of :
* 1 Duplex level apartment, 
* 2 commercial office units and 
* 1 beauty salon.

The property is situated within a grade II listed former townhouse.

The property is a former townhouse split over five floors. 
* The ground floor has recently been run as a beauty salon. (Currently vacant)
* The first floor consists of two separate office spaces that are currently rented. 
* The second floor and loft space contain 2 two bedroom duplex apartment. 
* The basement has been historically sold off and is not part of the sale.

There is an opportunity to convert other floors to residential units subject to satisfactory consents.

The property is conveniently situated in a perfect location within easy access to main transport links, town centre, local shops, and all local amenities the city has to offer.

 

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

 

Apple Devices : Search for Property Investor in iOS app store

Android Devices : Search for Property Investor in Googleplay app store

 

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling :
Agent: Property Investor App Limited
Agent Ref: 000061020_02

Ad ID: 1423691013