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Property Listing Details

Property details

  • 20 bedrooms

Features

  • Investment block
  • 16 apartments
  • One and two bedrooms
  • Private parking
  • Fire regulations
  • Approx £80,000 pa rental income
  • Centre location
  • Tenants in situ in majority of apartments
  • Selective license works undertaken

Listing view statistics

Last 30 days: 218 page views

Description

+++A substantial block of 16 apartments with a letting income of approximately £80,000 per annum+++ In brief the property comprises of 16 one and two bedroom self contained flats. Twelve of which are one bedroom and four which are two bedroom's. Every flat currently conforms with general standards of fire safety and health and safety regulations.

+++A substantial block of 16 apartments with a potential letting income of approximately £73,000 per annum+++ In brief the property comprises of 16 one and two bedroom self contained flats. Twelve of which are one bedroom and four which are two bedroom's. Every flat currently conforms with general standards of fire safety and health and safety regulations.

Apartments
The below lists the current achievable rents:
Flat 1 - £446.30 - 2 Bedroom Apartment - EPC Grade D
Flat 2 - £470 - 2 Bedroom Apartment - EPC Grade C
Flat 3 - £475 - 2 Bedroom Apartment - EPC Grade D
Flat 4- £475 - 2 Bedroom Apartment - EPC Grade D
Fat 5 - £365 - 1 Bedroom Apartment - EPC Grade D
Flat 6 - £350 - 1 Bedroom Apartment - EPC Grade D
Flat 7 - £365 - 1 Bedroom Apartment - EPC Grade D
Flat 8 - £350 - 1 Bedroom Apartment - EPC Grade D
Flat 9 - £350 - 1 Bedroom Apartment - EPC Grade D
Flat 10 - £385 - 1 Bedroom Apartment - EPC Grade C
Flat 11 - £385 - 1 Bedroom Apartment - EPC Grade C
Flat 12 - £350 - 1 Bedroom Apartment - EPC Grade C
Flat 13 - £360 - 1 Bedroom Apartment - EPC Grade D
Flat 14 - £350 - 1 Bedroom Apartment - EPC Grade D
Flat 15 - £350 - 1 Bedroom Apartment - EPC Grade E
Flat 16 - £325 - 1 Bedroom Apartment - EPC Grade D

External
At the front of the building is a walled area allowing off street parking for up to 6 vehicles offered on a first come first serve basis, the road outside is a disc zone and resident's can obtain a parking permit from the Council for a small charge. A bin store is also at the front along with the main communal entrance. To the rear is a good sized garden area made up of lawn space and a summer house, this area is split in to two and belongs to the two lower ground floor flats whereas the rest of the garden is communal of which a gardener takes care of.

Scarborough is one of the first spa towns of the UK and popularity soared with the introduction of the train which put Scarborough on the map as a holiday destination and in recent years it has become an area which has drawn many investors. We now have Europe's biggest open air theatre, a brand new university campus thanks to Coventry University, a new football ground, the Sands complex which includes luxury apartments and high-end bespoke eateries, a new rnli lifeboat house, a multi-plex cinema with restaurants and luxury apartments is being built on the North Bay, the biggest McCain's plant in the UK nearby and the best fish and chips of the North

Contact our Sales Team today for further information.

Services All mains services

gross income Total Gross Income £73,815.60

outside To the front there are six parking spaces and a bin area.
To the rear is a large grassy garden area with a boarded former swimming pool and a quaint summer house. Currently the two lower ground floor flats are each allocated a portion of this garden and the remainder is communal. There is a gardener in place.

Tenure Leasehold with 125 years from 29/9/2002 with ground rent of £250 per flat per annum, £4000 total.
Subject to verification and clarification of solicitors in a contract of sale

viewing Gladly arranged through Andrew Cowen Estate Agent, 1 Harcourt Place, Scarborough, YO11 2EP

You could get

Superfast broadband Superfast broadband

Up to 55 Mbps (Source: Ofcom)

Floorplan

1 Floorplan link

Map & Nearby

Local Amenities

  • Scarborough 0.3 miles
  • Seamer 2.5 miles
  • Gladstone Road Primary School 0.3 miles
  • Thomas Hinderwell Primary Academy 0.8 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Scarborough 0.3 miles
  • Seamer 2.5 miles
  • Gladstone Road Primary School 0.3 miles
  • Thomas Hinderwell Primary Academy 0.8 miles

Market stats

Sale activity

Average estimated value for a flat in YO11:

  • £135,967
  • Price increase

  • £2,508
  • (1.879%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £114,251
  • Properties sold

    81

Rental opportunities

Not known

Recent sales nearby

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Estimated running costs

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Approximate costs
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The Agent

Price history

Sold prices provided by Land Registry
20th Jan 2021 £895,000 Price increased by £20,000
13th Jan 2021 £875,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Andrew Cowen. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Andrew Cowen for full details and further information.