Filey Road, Scarborough Guide Price £650,000

Occupying an enviable position on Scarborough's desirable FILEY ROAD, this ideal investment opportunity comprises of a block of seven, spacious self-contained apartments with in total sixteen bedrooms. The current vendors have recently spent approximately £100,000, renovating the property including a new roof, new kitchens and bathrooms. The property comprises of seven self-contained apartments, well laid out over four floors. The property is well located for a wealth of amenities including local shops, eateries, post office, with Ramshill shopping parade, Scarborough Town Centre and Scarborough's South Bay beach also being within proximity. Currently the vendors sub let the apartments to a managing agent who pays approximately £500 per flat per month which does approximately make circa £40,000 per year but this is very much a hands off approach. If the properties were to all be rented out on standard AST's the block would make circa £50,000 per annum. (Further details available by request please call the office and ask for Phil Fletcher) Viewing does come highly recommended for this great investment opportunity. If you wish to book a viewing, please contact CPH Property Services on 01723352235 or visit our website www.cphproperty.co.uk.