Prospect Road, Scarborough, YO12

ATTRACTIVE INVESTMENT OPPORTUNITY.....GROUND FLOOR COMMERCIAL UNIT ( CURRENTLY FITTED OUT TO BE A DOG GROOMERS ) AND SPACIOUS THREE BEDROOM/ TWO BATHROOM MAISONETTE ABOVE. 9.5 % RETURN ACHIEVABLE.

Residential & Commercial Investment Opportunity – 3-Bedroom Maisonette & Commercial Unit – 9.5%+ Potential Return
Brilliantly located within a busy residential area, close to a popular surgery and just a 10-minute walk from Scarborough town centre, is this unique residential and commercial investment opportunity, comprising a substantial three-bedroom maisonette and ground floor commercial unit.
The commercial unit is currently fitted out and trading as a dog grooming business and is presently let at £500 per calendar month. The generously proportioned three-bedroom maisonette has recently undergone a major refurbishment throughout, including a new kitchen, new bathrooms, flooring and redecoration, creating an excellent ready-to-let property.
The maisonette is particularly spacious and benefits from three bedrooms and two bathrooms, together with gas central heating and double glazing. We believe the accommodation would achieve a rental income of approximately £900 per calendar month.
The commercial unit also benefits from gas central heating and partial double glazing.
With the commercial unit currently producing £6,000 per annum and the maisonette offering an estimated rental income of £10,800 per annum, the combined potential rental income is approximately £16,800 per annum, representing a potential return of over 9.5%.

Offered to the market with NO ONWARD CHAIN, this represents an exciting opportunity for an investor seeking a mixed-use property with an established commercial tenant, a newly refurbished residential unit and scope to generate an attractive rental return.

Viewing is highly recommended and is strictly by appointment through Harris Shields Collection.

HMRC Check

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Brilliantly located close to a busy surgery in the heart of a residential area within 10 minutes walk of the town centre is this unique opportunity to acquire this residential and commercial investment property consisting of a three bedroom duplex apartment and ground floor commercial unit which is currently fitted out to use as a hairdressers. Both units are well presented and benefit from gas central heating and double glazing ( partial glazing to the commercial unit ) Offered to the market with no onward chain. The property is currently fully let and achieving £10,000 per annum. Nearly 8% gross yield.