14 bedroom Commercial Property

Scarborough, North Yorkshire, YO11 1XW

Guide Price : £450,000

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Full description:

Tenure: Freehold

A substantial four storey double block located within the heart of Scarborough town centre making it an ideal holiday apartment location. The building is currently arranged as a combination of 12 letting units, ranging from 2 bedroom flats, bedsits and studio's. The property also has the benefit of 4 garages to the rear which is also a rare commodity in the town centre. We have estimated that when fully let on a fixed term contract the building could generate an income in the regions of, £48,000 per annum.

LOCATION: Scarborough is a popular East Coast Resort on the North Yorkshire Coast approximately forty miles east of York and a similar distance north of Hull. It is approximately eighteen miles north of the resort of Bridlington and a similar distance south of Whitby. It is within reasonable access of the North Yorkshire Moors National Park. The town also benefits from a mainline railway station, with regular services to Hull, Liverpool and York, from where links can be joined to London.

The town is readily accessible by road, with the principal connection being the A64 to York that then leads onto the A1, M1 and M62. To the north, road connections have less capacity with the A171 leading to Whitby and beyond onto Middlesbrough and the A19. The town centre accommodates a number of national retailers on or around the pedestrianized precinct which also accommodates the Brunswick Centre.

This property is situated on Aberdeen Walk which is approximately 100 metres from the pedestrianized shopping precinct and within walking distance of the main railway station.

THE BUILDING: The Lawnswood was originally two, four storey adjoining blocks that have been combined at some stage in the past into its current arrangement and could easily be converted back into individual buildings if required.

At present the buildings have separate meters and the heating is controlled by two boilers.

GROUND FLOOR: Flat 1 - One bedroom self contained flat
Flat 2 - One bedroom self contained flat
Flat 3 - Bedsit

FIRST FLOOR: Flat 4 - Bedsit
Flat 6 - Bedsit
Flat 7 - Studio
Flat 8 - Studio

SECOND FLOOR: Flat 9 - One bedroom flat with lounge / kitchen
Flat 10 - One bedroom flat with lounge / kitchen
Flat 11 - Studio
Flat 12 - Studio

THIRD FLOOR: Flat 14 - One bedroom self contained flat
Flat 15 - One bedroom self contained flat

OUTSIDE: To the rear of the building is a detached block of 4 brick built garages with up and over doors. These are accessed by Albemarle Back Road.

INCOME: The building has been historically used as Holiday Let accommodation in the summer and student lets in the summer. Over the last few years it has only be used as holiday lets. Taking into account the accommodation it is our opinion that the building could generate an income in the regions of, £47,000 per annum based an average rent of £326 per calendar month and excluding the potential income from the garages.


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.


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