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CPH Commercial are delighted to offer this investment opportunity to the market which will no doubt appeal to a number of buyers. The property is located on Westbourne Grove and comprises a complete block of 3 self contained apartments set within a desirable location within close proximity to numerous amenities, the town centre and south bay whist having regular bus transport links for commuting in and out of town.
All the apartments are currently let out with a total occupancy of around 6 years between them and bringing in an income of £16,320 with the current asking price offering a Return On Investment of just over 8%.
Viewing is highly recommended to appreciate the opportunity on offer and can be arranged through our friendly office team on 01723 352235 or via www.cphproperty.co.uk on our 24/7 live chat facility.
Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast, attracting an estimated 7 million visitors a year. More precisely, the property occupies a position on Westbourne Grove, a desirable address within the prestigious South Cliff are of Scarborough offering access to a wealth of amenities and having Scarborough's Town Centre, Esplanade and South Bay all within close proximity.
The property is set within a terrace of homes offering three self contained apartments set over four floors and providing front and rear yard/gardens.
Currently tenanted at £460pcm to include water bill. Lounge Bedroom Kitchen Bathroom Access to enclosed rear yard with workshop.
Currently tenanted at £450pcm to include water bill. Lounge Bedroom Shower Room Kitchen
Currently tenanted at £450pcm to include water bill. Lounge Bedroom Shower Room Kitchen Also has the added benefit of access to a occasional room within the loft space, which is accessed via a staircase within the flat inner hallway.
Flat One: Band 'E' Flat Two: Band 'D' Flat Three: Band 'F' - The current owners have informed us that works have now been carried out to make this apartment a band 'E' to fall in line with current regulations and a re-test of the EPC will be carried out.
The building does benefit from all mains services, with only the ground floor apartment having gas within, the others having modern style electric heating.
Flat 1 - Band A Flat 2 - Band A Flat 3 - Band A All tenants are liable for their own council tax payment, the above bands were confirmed verbally by Scarborough Borough Council.
'Freehold'. Assured Shorthold Tenancy agreements are in place with the current tenants.
Via the sole selling agents: CPH Property Services 19 St Thomas Street Scarborough YO11 1DY Contact: Jamie Williams Email: firstname.lastname@example.org Tel: 01723 352235