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3 bedroom commercial property for sale

Laundry House Apartments - 26 Victoria Road, Scarborough

Withdrawn from Market £225,000

Property Description

Key features

  • COMMERCIAL INVESTMENT OPPORTUNITY!!
  • PROPERTY COMPLETELY REFURBISHED
  • GROSS INCOME £20,760PA - 9.2% RETURN!!
  • UPPER FLOORS LET TO LOCAL HOUSING AUTHORITY

Full description

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

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