Queen Street, Scarborough Guide price £550,000

FOR SALE | Block of 9 residential flats producing a gross income of £55,380pa + Land behind with lapsed planning permission for a block of 3 flats and a pair of semi detached houses.

We are delighted to bring to the market this HIGH YIELDING COMMERCIAL INVESTMENT that will no doubt be of interest to local and national investors. This attractive property occupies a good position on the east side of Queen Street, boasting spectacular rear views of the South Bay and Scarborough Castle.

Lower Ground Floor
Flat C £575pcm (EPC Band D)

Ground Floor
Flat B £575pcm (EPC Band C)
Flat A £575pcm (EPC Band C)

First Floor
Flat 1 £525pcm (EPC Band C)
Flat 2 £490pcm (EPC Band C)

Second Floor
Flat 3 £500pcm (EPC Band D)
Flat 4 £500pcm (EPC Band E)

Third Floor
Flat 5 £475pcm (EPC Band E)
Flat 6 £400pcm (EPC Band D)

CPH Property Services offer a competitive MANAGEMENT SERVICE should any prospective purchaser require their investment to be looked after. 

There is also a parcel of land to the rear of 34 Queen Street which has lapsed full planning permission for residential redevelopment - Application 14/00480/FL. This is currently used a car park for residents but could be redeveloped into a block of 3 x two bedroom flats and 2 x three bedroom townhouses. All enquires to CPH COMMERCIAL.

LOCATION:
Scarborough is an established commercial, tourist and retail centre, approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast attracting an estimated 7 million visitors a year.

Queen Street lies within the heart of Scarborough town centre and links Castle Road to Newborough and is a mixed use locality with a number of commercial operators such as Boyes Superstore, Scarborough Snooker Centre and The Lanterna Restaurant being located within the vicinity. Scarborough's famous South Bay is a 5 minute walk from the subject premises. Some of the eastern facing flats enjoy stunning views of the South Bay and Scarborough Castle.

DESCRIPTION & ACCOMMODATION:
The property comprises a mid terrace, brick constructed block of nine flats, arranged over lower ground, ground, first, second and third floors, being held under a pitched and slated roof. The flats are accessed via a communal entrance door from Queen Street with emergency lighting and smoke alarms being noted within the hallway and stairs leading both to the upper floors and lower ground floor. The flats are laid out as follows:

Lower Ground Floor
Flat C (2 Bedrooms) - £575 pcm

Ground Floor
Flat A (2 Bedrooms) - £575 pcm
Flat B (2 Bedrooms) - £575 pcm

First Floor
Flat 1 (1 Bedroom) - £525 pcm
Flat 2 (1 Bedroom) - £490 pcm

Second Floor
Flat 3 (1 Bedroom) - £500 pcm
Flat 4 (1 Bedroom) - £500 pcm

Third Floor
Flat 5 (1 Bedroom) - £475 pcm
Flat 6 (1 Bedroom) - £400 pcm

TENURE:
Believed to be freehold.
Tenancy agreements will be made available to view to seriously interested parties.

SERVICES:
The property appears to be connected to all main services. Prospective purchasers are advised to make their own enquiries with regards to services connected.

VAT:
All figures quoted are exclusive of VAT however, our client reserves the right to charge VAT if applicable.

VIEWING:
By appointment only via the Agents:

CPH Property Services
19 St. Thomas Street
Scarborough
YO11 1DY