Guide Price: £975000 Leasehold Rental Income

Report 0 Downloads 161 Views
SUBSTANTIAL RESIDENTIAL INVESTMENT PROPERTY FOR SALE 5/6 Westwood Scarborough YO11 2JD

CV21 3EZ

Guide Price: £975,000 Leasehold Rental Income: £73,815.60 Per Annum Regulated by RICS 62 Regent Street, Rugby, Warwickshire, CV21 2PS Tel: 01788 554455 Fax: 01788 541187 Email: [email protected] Website: www.georgeandcompany.co.uk George and Company (Surveyors) Limited. Registered in England No. 7132697

Location

Tenure

Scarborough is the largest and most popular resort town in North Yorkshire with a growing local and tourist economy and an approximate urban population of just over 60,0000.

Each flat is available on a 125 year ground lease from 29.09.2002 at a rent of £250 per annum. Total - £4,000 p.a.

It is located approximately 40 miles from York and 50 miles from Middlesbrough.

Each flat is let and the total rental income is currently £73,815.60 per annum which gives potential for increase. A schedule of tenancies is available for inspection by bona fide interested parties.

5/6 Westwood is located in a popular part of the town, close to Scarborough Station and within a few minutes’ walk of the town centre.

Tenancy

Price

Description

£975,000 leasehold.

The property is an imposing period building built over 4 stories and providing 16 self-contained flats; 12 x 1 bedroom and 4 x 2 bedroom, which are all let and sold with the benefit of the existing tenancies.

VAT All prices are quoted exclusive of VAT where chargeable.

There are 6 car parking spaces to the front and there is a large rear garden of which part is allocated to the two lower ground floor flats.

VIEWING: By appointment with George and Company Surveyors on 01788 554455.

These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.