Sold STC
North Marine Road, Scarborough
£495,000 Guide Price
Bedrooms 0
Bathrooms 0
Living Spaces 0
We are delighted to bring to the market this well-located mixed-use commercial freehold investment property on North Marine Road. The property is fully let, comprising a ground floor commercial unit secured on a 20-year lease, with eight residential flats above, all generating consistent rental income. The asset produces a current income of approximately £48,000 per annum, with potential for future increases in residential income, offering a stable and attractive long-term investment opportunity. Call our sales team on 01723 350077 for further information.
Features
Full Description
Commercial Unit
Currently let on a 20 year lease starting April 2011. Approximately 43 square meters in total
8 Flats over 2 floors
Communal Entrance on North Marine Road.
First floor - 2 x one bedroom flats, one with a separate lounge
Second Floor - 3 x one bedroom flats
Third Floor - 3 x one bedroom flats.
All flats have independent gas central heating and electric meters.
Income
We advised that the currently income is approximately £48,000 per annum with potential for increased residential rents.
Sample Floorplan of a Residential Flat
