Summary - 69A, EASTBOROUGH YO11 1NH
5 bed 5 bath Block of Apartments
**Investment Block Features:**
- 5 self-contained flats (3 two-bedroom, 2 one-bedroom) plus a commercial unit.
- Freehold ownership, enhancing investment potential.
- 4 units currently tenanted with rental income; 1 unit vacant for potential lease.
- Located in a prime Scarborough area, with sea views and close proximity to town center.
- Average annual yield approx. £22,500.
- Well-maintained communal areas, ready for immediate investment returns.
- Scope for improvements to increase rental value.
This freehold investment block in Scarborough presents a rare opportunity for both seasoned investors and first-time buyers seeking a hands-off income-generating asset. Comprising five well-maintained apartments, including a lucrative commercial unit, this property benefits from a strategic location that ensures consistent rental demand among professionals, retirees, and seasonal visitors. With average rental rates generating solid returns and a vacant unit ready for lease, you can begin earning income immediately.
While the property is in good condition, there is potential for further modernization, allowing for increased returns. The proximity to the beach and town center not only enhances comfort and lifestyle but also promises capital growth in the future. This is a unique opportunity to secure a versatile investment in a thriving area of Scarborough that won’t last long on the market.
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Commercial property for sale in New Queen Street, Scarborough, YO12 — £250,000 • 5 bed • 5 bath
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