Dean Road & 96-102 Lower William Street, Scarborough OIEO £475,000

CPH are delighted to bring the the market this HIGH YIELDING mixed use investment opportunity. The block is split across two titles with 47 Dean Road comprising of a highly respected ground floor cafe with approximately 40 covers, whilst above is a one bedroom apartment and a further one bedroom maisonette with three loft rooms. The residential tenants have been in situ for many years whilst the lease for the cafe sold recently and the new tenant is apparently trading well.

The block fronting Lower William Street comprises of 2 commercial units, one selling second hand items and the other restoring and selling furniture. Above the shops are 3 separate flats (1 x 2 bed and 2 x 1 beds) all with separate entrances from Lower William Street.

The gross income could be increase but is currently as follows:

Garage at Lower William Street
Commercial Tenant. £350pcm

No 96 Lower William Street
2 Bedroom Flat. £450pcm

No 98 Lower William Street
1 Bedroom Flat. £420pcm

No 100 Lower William Street
Commercial Tenant. £560pcm

No 102 Lower William Street
1 Bedroom Flat. £450pcm

47 Dean Road
Cafe. £550pcm

Flat 1 - 47 Dean Road
1 Bedroom Flat. £400pcm

Flat 2 - 47 Dean Road
1 Bedroom Maisonette + 3 attic rooms. £400pcm

Advertising Boards. £300pa.

TOTAL GROSS INCOME - £43,260 PER ANNUM