Property description

A substantial six storey building with superb sea views from the Queens Parade side of the property. Currently arranged as 11 letting units, ranging from bedsits to one bedroom self contained units. It currently generates an excellent income of £49,608 gross when fully let. The building is now in need of some modernisation and repair but would make an excellent long term investment and has development potential.

LOCATION: From Scarborough Railway Station, turn onto Northway and at traffic lights turn right onto Victoria Road. Proceed straight ahead onto Castle Road and at the roundabout, take first turning left onto North Marine Road with this building situated on the right.

THE BUILDING: Six storey building with access to one unit via North Marine Road and all the remaining units by Queens Parade, where there is car parking for approximately 4 vehicles.

LOWER GROUND FLOOR: One bedroom self contained flat with access from Queens Parade.
One bedroom self contained flat with access from North Marine Road.

GROUND FLOOR: One bedsit with separate shower room/w.c accessed via North Marine Road.
One bedroom flat with access from Queens Parade.



FIRST FLOOR: Two one bedroom self contained flats.

SECOND FLOOR: Two one bedroom self contained flats.

THIRD FLOOR: Two one bedroom self contained flats.

TOP FLOOR: Two bedroom self contained flat.

TENURE: Freehold. It is believed that formal Assured Shorthold Tenancy (AST) agreements are in place for all the flats.

RENTAL INCOME: The rental income from the flats is believed to range from £80 per week up to £109 per week and when fully let generates an income of, £49,608 per annum.

At the time of marketing all the flats were all tenanted.

COMMERCIAL DISCLAIMER: Unless otherwise stated, all prices and rentals quoted are exclusive of any VAT to which they may be subject. Specific enquires should be made of the vendor/landlord for clarification prior to entering into any arrangement or agreement. These particulars are a general outline only, for the guidance of prospective purchasers or tenants and do not constitute the whole or any part of an offer of contract. Colin Ellis Property Services cannot guarantee the accuracy of any description, dimensions references to condition, necessary permission for use and occupation and other details contained herein and prospective purchasers or tenants must not accept as statement of fact or representation and must satisfy themselves as to their accuracy. The reference to any plan, machinery, equipment, devices, fixtures, or fittings at the property shall not constitute a representation unless otherwise stated as to the state or condition or that it is capable of unfulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as the fitness of such items for their requirements. Colin Ellis Property Services will not be liable in negligence or otherwise nor anyone arising from the use of these particulars. No employee of Colin Ellis Property Services has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property.