Crown Terrace, Scarborough, North Yorkshire, YO11

Offered with NO ONWARD CHAIN is this excellent INVESTMENT OPPORTUNITY of a 24 Bedroom HMO LICENSED BUILDING. A well run property ready to earn you an income from day one. Annual income in excess of £130,000 in 2024

Harris Shields Collection are pleased to offer to auction this fully occupied 24 BEDROOM HMO BLOCK in Scarborough available with no onward chain. Nestled within the welcoming town of Scarborough, this exceptionally well run quality property is close to a host of amenities,
Currently occupied there are immediate benefits from returns as the property will be sold with occupants in situ, guaranteeing a steady stream of rental yields. Overall this property is well presented, efficiently run and ready to provide high yields from day one after purchase. We would highly recommend this to any potential investors looking for a 'ready to go' investment.
ANNUAL INCOME IN 2024 IN EXCESS OF £130,000
The property is a smart well presented Grade II listed building comprises of 5 floors in total with lift access to each floor, it benefits from double glazing and gas central heating throughout. All the rooms are furnished with premium quality solid wood furniture with a wardrobe, desk and storage and have a double or single bed. The lower ground floor has a modern well thought out kitchen with ample cooking facilities, cupboard space for each of the residents and individual fridge space for all, with a relaxing communal area with comfy sofas, dining table and recreation area for the occupants to enjoy.
This property is covered by motion sensor cameras which ensures security for all residents throughout their occupancy. Two of en-suite bedrooms are also on this floor. The ground floor boasts another large front facing bay windowed communal lounge area for guests to enjoy and 3 more en-suite bedrooms. There is a self-contained wardens flat which could also be let for further income, plus a room that is currently used for storage. On the first floor there are two large bay windowed en-suite rooms and a further five en-suite rooms across this floor and a useful room for storage. The second floor has one bay windowed en-suite bedroom and seven more en-suite rooms. On the third floor there are four good sized en-suite rooms.