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Oriel Crescent, Scarborough Guide Price £550,000

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    Oriel Crescent
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    Oriel Crescent
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    Oriel Crescent

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  • Block of 8 Self Contained Apartments
  • Gross Income of Approximately £38,880pa
  • Stunning Location Opposite Oriel Cricket Ground
  • Well Maintained Property with Longstanding Tenants
  • All Enquiries to CPH Property Services

+++ No 1 Oriel Crescent is A SUCCESSFUL INVESTMENT PROPERTY and is OFFERED FULLY TENANTED in a stunning residential location overlooking Oriel Cricket Ground, giving any potential owner a GENEROUS RETURN ON INVESTMENT - GROSS YIELD OF 7% +++

Situated on beautiful Oriel Crescent, this well maintained investment property comes to the market having being owned by the same family for over 30 years. The property is well located and is close to all the amenities available on nearby Ramshill Road and is within easy walking distance to Scarborough town centre and the South Bay. These rental properties are always in demand due to the popular location and affordable rents which has meant the current tenants have been in for considerable time. The property has been well looked after and is only coming to the market due to retirement.

The property also benefits from a sizeable lower ground floor which could potentially be converted into another flat - subject to gaining the relevant permissions. We are of the opinion that rents could potentially be increased to generate a gross yield over 8%. This is a rare opportunity to acquire the freehold interest in this well configured block of apartments.  Internal viewing is by appointment only and can be arranged via our friendly office team on 01723 352235 +++


Rooms

Flat 1

£585 per month. Generous 2 bedroom ground floor flat with stunning high ceilings and period features. Accessed from main communal entrance. Garden to the front, kitchen, lounge, 2 double bedrooms and bathroom.

Flat 1a:

£385 per month. 1 bedroom ground floor flat separately accessed from the rear of the property. kitchen, lounge, 1 x double bedrooms and bathroom.

Flat 2:

£390 per month. 1 bedroom first floor flat accessed from the communal entrance. kitchen, lounge, 1 x double bedroom and bathroom.

Flat 3:

£325 per month. 1 bedroom first floor flat accessed from the communal entrance. kitchenette, lounge, 1 x double bedroom and bathroom.

Flat 4:

£400 per month. 2 bedroom first floor flat accessed from the communal entrance. kitchen, lounge, 2 x double bedrooms and bathroom.

Flat 5:

£365 per month. 1 bedroom second floor flat accessed from the communal entrance. kitchen, lounge, 1 x double bedroom and bathroom.

Flat 6:

£375 per month. 1 bedroom second floor flat accessed from the communal entrance. kitchen, lounge, 1 x double bedroom and bathroom.

Flat 7:

£390 per month. 2 bedroom second floor flat accessed from the communal entrance. kitchen, lounge, 2 x double bedroom and bathroom.

Energy Performance Certificates (EPCs):

To be inserted once received.

Services:

Mains electric, gas and water supplies are connected. Prospective purchasers are advised to make their own enquires with regards to services connected.

Details Prepared:

17062019 JW


Request A Viewing

EPC

No EPC available

Floorplans (Click to Enlarge)

Nearby Places

Name Location Type Distance
Oriel Crescent
Scarborough YO11 2SY
County: North Yorkshire
Sale Type: For Sale
Ref #: C1029
Joe Walker
CPH - Sales
 
  01723 352235