3 bedroom commercial property for saleLaundry House Apartments - 26 Victoria Road, Scarborough
Withdrawn from Market £225,000
- COMMERCIAL INVESTMENT OPPORTUNITY!!
- PROPERTY COMPLETELY REFURBISHED
- GROSS INCOME £20,760PA - 9.2% RETURN!!
- UPPER FLOORS LET TO LOCAL HOUSING AUTHORITY
We welcome to the market this exciting COMMERCIAL INVESTMENT OPPORTUNITY that we feel will be of interest to investors seeking a high return on capital from a stress-free investment. The ground floor retail unit is currently let out to a pair of private individuals who trade as a high quality kitchen shop - 'Rooms Designs Studio' who signed a 3 year lease in 2013 - (terms have recently been agreed for the tenant to continue for a further 5 years). The upper floors are laid out as three, one bed apartments which benefit from their own exclusive entrance to the rear of the building. The flats are let out to and managed by a Local Housing Authority at an annual rent of £14,040. The property has been comprehensively renovated by the current vendor and details of works undertaken are available on requested. The guide price represents a gross yield of 9%. All enquiries to CPH Commercial
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference 6698437. 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 CPH Property Services, Scarborough - Commercial. 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.
Map data ©OpenStreetMap contributors.