8 Bedroom Apartment

+++Substantial Residential Investment Opportunity – Fully Let Block of 8 Apartments in Scarborough Town Centre...+++

Guide Price: £495,000
Gross Rental Yield: Approx. 8.08%

An exciting opportunity to acquire a fully let residential investment property occupying a prominent position within the heart of Scarborough Town Centre. Ideally located within walking distance of the town’s main shopping areas, railway station, local amenities, and Scarborough’s renowned seafront, the property offers investors an immediately income-producing asset in a consistently popular rental location.

The property has been thoughtfully converted into eight self-contained apartments comprising six one-bedroom apartments together with two studio apartments, all currently occupied and generating a combined annual rental income. This equates to an attractive gross rental yield of approximately 8.08% based on the asking price, presenting a strong return for landlords and portfolio investors alike.

Scarborough continues to experience strong demand for affordable long-term rental accommodation. The properties central location places tenants within easy reach of supermarkets, restaurants, cafes, leisure facilities, public transport links, and the beach, making it particularly appealing for a wide range of occupiers.

The building benefits from gas central heating and partial double glazing, with each apartment offering self-contained living accommodation designed to maximise rental appeal and occupancy levels. The current configuration provides a solid and established income stream, while also offering future scope for an incoming purchaser to further enhance returns through refurbishment, modernisation, or revised management strategies.

Properties of this nature and scale are rarely brought to market within Scarborough town centre, particularly those offered fully occupied with tenants in situ. Whether purchased as a standalone investment or as an addition to an existing portfolio, this is an excellent opportunity to secure a substantial freehold residential asset with immediate income and long-term growth potential in one of North Yorkshire’s most established coastal towns.

Internal viewing is highly recommended to fully appreciate the size, income potential, and central location on offer. For further information or to arrange a viewing, please contact us today.

EPC Ratings:
Flat 1, 22 Aberdeen Walk, SCARBOROUGH, YO11 1XW E 27 March 2029
Flat 1a, 22 Aberdeen Walk, SCARBOROUGH, YO11 1XW E 28 April 2029
Flat 1b, 22 Aberdeen Walk, SCARBOROUGH, YO11 1XW E 1 June 2033
Flat 2, 22 Aberdeen Walk, SCARBOROUGH, YO11 1XW D 31 August 2030
FLAT 2, 22 ABERDEEN WALK, SCARBOROUGH, YO11 1XW C 25 October 2031
Flat 2a, 22 Aberdeen Walk, Scarborough, YO11 1XW C 17 January 2033
FLAT 3, 22 ABERDEEN WALK, SCARBOROUGH, YO11 1XW B 8 August 2031
Flat 4, 22 Aberdeen Walk, SCARBOROUGH, YO11 1XW D 27 March 2029

Council Tax Ratings:
All apartments are banded 'A'.

HMRC DISCLAIMER:
If you have an offer accepted on this property, we are obliged by HMRC to conduct mandatory Anti Money Laundering Checks. We outsource these checks to our compliance partners at IAmProperty/Movebutler. They charge a fee for this service. For further information, please contact our office.