Castle Road, Scarborough Guide price £150,000

A mixed use commercial investment that is situated on Castle Road in Scarborough town centre. This three storey building is arranged as a commercial Taxi office on the ground floor with a recently refurbished three-bedroom maisonette above that has recently undergone a comprehensive scheme of refurbishment.

As a freehold investment, this property currently generates a rental income of £14,700 per annum, making it an attractive proposition for those looking to invest in a building that provides two separate income streams that offer a very attractive near on 10% yield. To be sold with tenancies in place.

Location
The building is situated on Castle Road in Scarborough town centre and is situated within an established trading location that is adjacent to Domino's pizza and Tesco express.

Ground floor
Self contained taxi office that has been a tenant for over 20 years.

Flat
Separate entrance door with stairs leading to the upper floors

Tenure
Freehold and to be sold with the tenancies in place.

Rental income
Ground floor commercial unit is subject to a formal Landlord & Tenant Ac lease that was renewed on 1 Nov 2023 for a 5 year term. The rent is currently at a very reasonable £6,000 per annum

The maisonette is subject to an Assured Shorthold Tenancy (AST) agreement with a current rent of £725 pcm (£8,700 pa)

Viewing
Strictly by appointment via sole agents, Colin Ellis Property Services on 01723 363565.

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