Summary - New Queen Street, Scarborough YO12 7HL
5 bed 5 bath Commercial Property
**Highlights:**
- Freehold investment block comprising five self-contained one-bedroom flats
- Current rental income of £25,200 annually, potential increase to £26,400 when fully let
- Located in Scarborough town centre, close to local amenities and public transport
- Well-presented units with separate utility meters
- Traditional Victorian architecture with modern interior finishes
- Tenanted with existing Assured Shorthold Tenancies in place
- Opportunity for investors in a transitional neighborhood with high demand for rentals
This freehold investment block in Scarborough features five self-contained one-bedroom flats, making it an ideal opportunity for investors looking to secure a reliable income stream. Each flat is well-maintained with modern finishes, offering a comfortable living space for tenants. The property boasts a combined rental income of £25,200 annually, with the potential to reach £26,400 when fully let, ensuring a promising return on investment.
Situated in a vibrant area near local amenities, including shops, restaurants, and transport links, this property attracts a diverse tenant pool, making it an appealing option for long-term investment. The traditional Victorian architecture adds charm, while the modern interiors provide a warm, welcoming feel. Additionally, the building's separate utility meters enhance tenant appeal and management efficiency.
While the neighborhood classification indicates high crime rates and some deprivation, the convenient location in a cosmopolitan part of town is crucial for tenant retention. This property is an investment gem for those looking to capitalize on the rental market in Scarborough. Given its favorable income potential and prime location, this investment won’t last long—don’t miss out on securing your financial future!
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