- TURNKEY INVESTMENT OPPORTUNITY +
- VACANT POSSESSION +
- SIX RECENTLY REFURBISHED APARTMENTS PLUS A GROUND FLOOR COMMERCIAL SPACE (PREVIOUSLY RUN AS A PUBLIC HOUSE) +
- LOCATED IN SCARBOROUGH'S TOWN CENTRE +
- INTERNAL VIEWING ADVISED +
+++Turnkey Investment Opportunity: Whole Block with Exceptional Yield Potential... Unlock the door to a lucrative investment with this exceptional opportunity to acquire an entire block of residential and commercial property previously known as 'The Durham Hotel'. Boasting a fabulous rental yield, this turnkey investment promises substantial returns and long-term growth.+++
Property Highlights:
* Prime Location: Situated on the outskirts of Scarborough town centre, this imposing property offers both convenience and accessibility.
* Residential and Commercial Value: This unique investment comprises both residential and commercial spaces, providing a diverse income stream and added value. Please see below accommodation:
* Six Modern Flats: The first and second floors feature six recently refurbished flats, including four 2-bedroom units and two 1-bedroom units. Each flat offers modern, comfortable, open-plan living, appealing to a wide range of tenants.
* Ground Floor Commercial Space: Previously operated as a public house, the ground floor presents a flexible opportunity for prospective buyers. Options include renewing the lease with a new operator or converting the space into additional residential units, potentially adding 3-4 apartments.
Potential Income Overview:
* 2 x 1-bedroom flats: £495 PCM each
* 4 x 2-bedroom flats: £550 PCM each
* Ground floor pub: £1,950 PCM
This is a rare chance to acquire a fully operational, income-generating property with significant potential for growth.
This ideal investment opportunity is situated close to a wealth of local amenities and attractions such as Peasholm Park ,the North Bay, local shops, Sea Life Centre, the restored open air theatre which hosts performances by headline rock and opera stars in the summer months, the miniature railway and, most recently, the Alpamare Waterpark, also being within walking distance of the Town Centre.
Don't miss out on this exceptional investment opportunity. Contact the Sole Selling Agents - Liam Darrell Estate Agents for further information or to arrange your internal viewing.