North Marine Road, Scarborough, North Yorkshire
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- BATHROOMS
6
- 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
- TURNKEY INVESTMENT OPPORTUNITY
- VACANT POSSESSION
- SIX RECENTLY REFURBISHED APARTMENTS PLUS A GROUND FLOOR COMMERCIAL SPACE (PREVIOUSLY RUN AS A PUBLIC HOUSE)
- LOCATED IN SCARBOROUGH'S TOWN CENTRE
- INTERNAL VIEWING ADVISED
Description
Property Highlights:
* Prime Location: Situated on the outskirts of Scarborough town centre, this imposing property offers both convenience and accessibility.
* Residential and Commercial Value: This unique investment comprises both residential and commercial spaces, providing a diverse income stream and added value. Please see below accommodation:
* Six Modern Flats: The first and second floors feature six recently refurbished flats, including four 2-bedroom units and two 1-bedroom units. Each flat offers modern, comfortable, open-plan living, appealing to a wide range of tenants.
* Ground Floor Commercial Space: Previously operated as a public house, the ground floor presents a flexible opportunity for prospective buyers. Options include renewing the lease with a new operator or converting the space into additional residential units, potentially adding 3-4 apartments.
Potential Income Overview:
* 2 x 1-bedroom flats: £495 PCM each
* 4 x 2-bedroom flats: £550 PCM each
* Ground floor pub: £1,950 PCM
This is a rare chance to acquire a fully operational, income-generating property with significant potential for growth.
This ideal investment opportunity is situated close to a wealth of local amenities and attractions such as Peasholm Park ,the North Bay, local shops, Sea Life Centre, the restored open air theatre which hosts performances by headline rock and opera stars in the summer months, the miniature railway and, most recently, the Alpamare Waterpark, also being within walking distance of the Town Centre.
Don't miss out on this exceptional investment opportunity. Contact the Sole Selling Agents - Liam Darrell Estate Agents for further information or to arrange your internal viewing.
- 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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- 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.
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Energy performance certificate - ask agent
North Marine Road, Scarborough, North Yorkshire
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About Liam Darrell Estate Agents, Scarborough
Suite 7, William Street Business Centre, 7a Lower Clark Street, Scarborough, North Yorkshire, YO12 7PWYour mortgage
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Visit our security centre to find out moreDisclaimer - Property reference LSB-91228041. 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 Liam Darrell 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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