Queen Street, Scarborough
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
10
- BATHROOMS
10
- SIZE
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- TENUREDescribes 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
- INVESTMENT BLOCK
- LARGE GROUND FLOOR RESTAURANT
- 4 ONE BEDROOM FLATS
- 2 TWO BEDROOM FLATS
- REAR DEVELOPMENT OPPORTUNITY
- £46,380 YEARLY INCOME
- GAS CENTRAL HEATING
- TOWN CENTRE LOCATION
- NEW REAR WINDOWS
- RECENT ROOF WORKS UNDERTAKEN
Description
The property boasts a substantial yearly income of £46,380, highlighting its potential as a lucrative investment. There is a further development opportunity to the rear of the property, allowing for potential expansion for a 2 bed, 2 bathroom, 3 storey conversion , which could significantly increase its value and income potential.
In summary, this block of flats on Queen Street is not only a well-structured property with ample living space but also a promising investment with the potential for further development. Whether you are an experienced investor or looking to enter the property market, this opportunity should not be overlooked.
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.
Description & Accommodation: - The property comprises a mid terrace, brick constructed block currently laid out as large restaurant, six flats, arranged over, ground, first, second floors, being held under a pitched and slated roof. The flats are accessed via a communal entrance door from Queen Street.
Current Rental figures
Restaurant £1,200 p.c.m - 5 years remaining
Flat 1 - £425 p.c.m EPC - C
Flat 2 - £475 p.c.m EPC - C
Flat 3 - £425 p.c.m EPC - C
Flat 4 - £495 p.c.m EPC - C
Flat 5 - £420 p.c.m EPC - D
Flat 6 - £425 p.c.m EPC - C
All let on shorthold assured leases
Brochures
Queen Street, ScarboroughBrochure- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Queen Street, Scarborough
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About Andrew Cowen Estate Agency, Scarborough
1 Harcourt Place, Scarborough, YO11 2EP
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Visit our security centre to find out moreDisclaimer - Property reference 34118239. 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 Andrew Cowen Estate Agency, 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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