Albemarle Crescent, Scarborough Auction Guide Price £175,000

+++ FULLY LET and licensed HOUSE OF MULTIPLE OCCUPATION (HMO) generating circa £30,680PA. Equates to GROSS YIELD OF 13.9%!!!! +++

38 Albemarle Crescent comes to the market for the first time in 17 years and offers any buyer a HIGH RETURN ON INVESTMENT. The HMO license runs until 2022 and this opportunity only comes to the market due to our client's other business interests. Rents are upto date at the time of bringing the property to the market and the owner has an agreement with the tenant who has occupied the basement flat for 11 years, to assist him in managing the property.  The property has recently been rewired however some cosmetic improvement will be necessary in the short to medium term. 

The owner has enjoyed minimal void periods throughout his ownership and we feel there would be opportunity to increase the rents, having been static for a number years.  Viewings can be arranged by calling our friendly sales team on 01723 352235 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..