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COMMERCIAL

Queen Street, Scarborough

Guide Price
£325,000
Colin Ellis Estate Agents, Scarborough
PROPERTY TYPE

Commercial Property

BEDROOMS

9

BATHROOMS

8

SIZE

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Key features

  • Fully licensed House in Multiple Occupation (HMO)
  • Nine Bedrooms & Eight Bathrooms
  • Recently Decorated
  • Grade II Listed Building
  • Estimated rental income of approximately £52,000 per annumI’m

Description

Located on Queen Street in Scarborough town centre, this impressive property presents a remarkable opportunity for investors . With a generous nine bedrooms and eight bathrooms, this fully licensed House in Multiple Occupation (HMO) will make a great investment.

Recently painted and decorated, the property boasts a fresh and inviting atmosphere, ready for immediate occupation or rental. The town centre location ensures that residents will enjoy easy access to a variety of local amenities, including shops, restaurants, and public transport links, making it a popular area for potential tenants.

Set within a Grade II listed building and with an estimated rental income of approximately £52,000 per annum, this presents a lucrative investment opportunity with an initial yield of 13.8%, based on the guide price.

The Building - This five storey Grade II listed building is situated in Scarborough town centre and is within reasonable access to all the main town centre amenities and the South bay beach. The property is being sold with vacant possession and is fully furnished and ready for occupation.

Tenure - Freehold

Viewings - Strictly via sole agents Colin Ellis Property Services on

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Brochures

Queen Street, Scarborough

Queen Street, Scarborough

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Scarborough Station0.4 miles
  • Seamer Station3.1 miles
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About Colin Ellis Estate Agents, Scarborough

49 Aberdeen Walk, Scarborough, YO11 1BD

Established since 1991 Colin Ellis Property Services are committed to offering the most comprehensive property service in Scarborough and on the East Coast area. We are also RICS Chartered Surveyors and entrusted by a wealth of clients to advise them on property related matters.

The team offer extensive local and regional knowledge thus bringing friendly yet highly trained marketing skills to each and every property transaction. • Residential Sales • Commercial Sales • Letting Agency • Property Management • RICS Surveys and Valuations

Residential Sales

Commercial Sales

Letting Agency

Property Management

RICS Surveys and Valuations

Notes

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Disclaimer - Property reference 34721823. 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 Colin Ellis 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.

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