1 Harcourt Place
Scarborough
North Yorkshire
YO11 2EP
Eastborough, Scarborough
Guide Price £265,000
5 Bedroom Block of Flats
- INVESTMENT BLOCK
- 5 APARTMENTS
- MIX OF TWO BED AND ONE BED + A STUDIO
- FREEHOLD
- POPULAR LOCATION
- SEA VIEWS
- COMMERCIAL UNIT INCLUDED
- 4 TENANTED 1 VACANT
- CLOSE TO THE TOWN CENTRE
Investment Opportunity.....
Block of 5 Self Contained Flats in a Prime Scarborough Location.
An Exceptional opportunity to acquire a freehold block of 5 flats just a short walk from the beach with local amenities and shops located nearby.
* Ground floor shop NOT included*
Scarborough is a thriving coastal town with a constant rental
demand driven by a mix of professionals, retirees and seasonal
visitors.
The blocks prime location by the beach, close to the town centre
and transport links enhances its long term capital growth
potential.
Whether you're looking to expand an existing portfolio or secure
a hands-off income-generating asset, this well-maintained block
offers flexibility, solid returns, and the reliability of
Scarborough’s growing rental market.
Property Highlights:
5 Spacious Flats - 3 Two Bedrooms Units and 2 One Bedroom
Units.
4 Properties tenanted 1 vacant.
Flat 1 - £500 per calendar month.
Flat 2 - £500 per calendar month.
Flat 3 - £425 per calendar month.
Flat 4 - Empty.
Flat 5 - £450 per calendar month.
Average Annual Yield - £22,500
Well maintained communal areas.
Scope for further improvement.
Separate utility meters for each unit.
The block presents a rare chance to purchase a ready-made rental
portfolio ideal for both seasoned investors and those entering the
buy-to-let market for the first time.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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