Investment Opportunity for Auction Scarborough YO11

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Auction date: Thu, 21/11/2024 - 09:00

Guide Price £495,000. A rare opportunity to purchase a freehold block of 10 apartments. The development consists of 3 x 2 beds and 7 x 1 bed apartments offering the potential to generate a healthy and enviable yearly income in excess of £85,000 per annum. The property boasts in excess of 4,500sq ft of lettable accommodation as well as the lower ground floor which could potentially be converted into an additional 4 x 1 bed apartments (stpp) or through the usage of permitted development rights and generate a further £30,000 per annum of rental income. 

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