Dean Road, Scarborough OIRO £170,000

FOR SALE | Mixed use HIGH YIELDING INVESTMENT located close to Scarborough's town centre.

47 Dean Road comprises of a well regarded ground floor cafe with approximately 40 covers. The shop traded for many years as Kays but the lease was sold a couple of years ago and now trades as Lacy's Cafe. The upper floors are accessed up a enclosed steps from Lower William Street and leads to both flat's entrance doors. Flat 1 lies at first floor level and is a 1 bed flat which has been occupied (until recently) for over 10 years by the same tenant. Flat 2 lies across the second and third floors and provides spacious living accommodation with 1 bedroom but 3 sizeable attic rooms.

The gross income is as follows:

47 Dean Road
Cafe. £550pcm. Let to private individual t/a as Lacy's Cafe. 5 years remaining of 7 year lease.
EPC: Band B
Business Rates: £6,700 (100% small business rates relief)

Flat 1 - 47 Dean Road
1 Bedroom Flat. £475pcm Let on AST.
EPC: Band D
Council Tax Band: A

Flat 2 - 47 Dean Road
1 Bedroom Maisonette + 3 attic rooms. £475pcm Let on AST.
EPC: Band D
Council Tax Band: A

Advertising Boards. £150pa.

TOTAL GROSS INCOME - £18,150 PER ANNUM