Prospect Road, Scarborough, North Yorkshire, YO12
- PROPERTY TYPE
Apartment
- BEDROOMS
3
- BATHROOMS
2
- 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 Opportunity
- Shop & Maisonette Above
- No Onward Chain
- Shop Currently Let
- Refurbished Maisonette Vacant
- Within Established Residential Area
- Ideal Rental Investment.
- Over 9.5% Return
Description
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.
PLEASE NOTE. This property would require commercial finance and not residential. Please seek mortgage advice before booking a viewing. Thank you.
HMRC Check
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Particulars- 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: TBC
- 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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Prospect Road, Scarborough, North Yorkshire, YO12
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About Harris-Shields Collection, Scarborough
25 Northway, Scarborough, YO11 1JH
Notes
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Visit our security centre to find out moreDisclaimer - Property reference SCA260224. 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 Harris-Shields Collection, 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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