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Queen Street, Scarborough

PROPERTY TYPE

Terraced

BEDROOMS

12

BATHROOMS

9

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Block of 9 Flats
  • Investment Opportunity
  • Selective Licensing Compliant
  • Excellent Income
  • To be sold with tenants
  • 3 x 2 Bedroom Flats
  • 6 x 1 Bedroom Flats

Description

FREEHOLD INVESTMENT OPPORTUNITY and to be sold with tenants in place. A substantial block of 9 self contained flats situated in Scarborough town centre that offer an excellent income when fully let. This attractive property occupies a good position on the east side of Queen Street, boasting spectacular rear views of the South Bay and Scarborough Castle. When fully let, this block of 9 flats brings in a gross income of approximately £50,160 pa and has been well maintained by the current owner who is only selling due to other business commitments. This is a rare opportunity to acquire a substantial central block.

Description - The property comprises a mid terrace, brick constructed block of nine flats, arranged over lower ground, ground, first, second and third floors, being held under a pitched and slated roof. The flats are accessed via a communal entrance door from Queen Street with emergency lighting and smoke alarms being noted within the hallway and stairs leading both to the upper floors and lower ground floor.

Rental Income - F1) £420 pcm
F2) £475 pcm
F3) £475 pcm
F4) £440 pcm
F5) £450 pcm
F6 £375 pcm

1A) £500 pcm
1B) £525 pcm
1C) £520 pcm

TOTAL £4,180 pcm (£50,160 pa)

Location - Scarborough is an established commercial, tourist and retail centre, approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast attracting an estimated 7 million visitors a year.
Queen Street lies within the heart of Scarborough town centre and links Castle Road to Newborough and is a mixed use locality with a number of commercial operators such as Boyes Superstore, Scarborough Snooker Centre and The Lanterna Restaurant being located within the vicinity. Scarborough's famous South Bay is a 5 minute walk from the subject premises. Some of the eastern facing flats enjoy stunning views of the South Bay and Scarborough Castle.

Services - The property appears to be connected to all main services. Prospective purchasers are advised to make their own enquiries with regards to services connected.

Viewing - Strictly via sole agents, Colin Ellis Property services on

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Brochures

Queen Street, Scarborough

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Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Queen Street, Scarborough

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Scarborough Station0.4 miles
  • Seamer Station3.1 miles
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About the agent

Colin Ellis Estate Agents, Scarborough

49 Aberdeen Walk, Scarborough, YO11 1BD

Colin Ellis Estate Agents, Scarborough

Colin Ellis Property Services are committed to offering the most comprehensive service in Ryedale, Scarborough and on the East Coast area.

The Partners and Staff offer extensive local and regional knowledge thus bringing friendly yet highly trained marketing skills to each and every property transaction. • Residential Sales • Commercial Sales • Letting Agency • Property Management • Surveys and Valuations

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Disclaimer - Property reference 32636162. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Colin Ellis Estate Agents, Scarborough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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