* Freehold
* Fully Tenanted 5 Bed HMO And Ground Floor Shop
* Ground Floor Shop Has A Commercial Lease In Place With The Current Tenant
* 3 - Minute Walk To Transport Links
* Great Access To All Local Amenities
* Gross Income : £40, 980
* Gross Yield : 12. 23%
* 2% +VAT Buyer's Fee
*High - Quality, High Yielding, Established HMO Available*
Fantastic opportunity to purchase a beautifully presented, well - established
5 - bedroom HMO in Scarborough. The property has had extensive upgrades and
refurbishments to a high standard throughout. The HMO run over two floors
comprising of 4 bathrooms in total (including 2 en - suite) with a large
communal kitchen/diner and living space, all of which are immaculately
finished. In addition, the property benefits from easy access to on street
parking. Additional features include, Smart Thermostats (Inspire) and all
external walls are insulated. There is also an outside separately locked bike
and bin storage yard.
Additionally, to the ground floor, the sale includes a shop with further
basement space with 2 and a half years remaining of the 5 - year lease. This is
currently rented to a well - established and well - known local business within
the area and benefits from a separate entrance door to the living space above.
The property is fully occupied with quality tenants in - situ and it has
remained in very good condition since works commenced in 2020. In total, the
Gross Income is £40, 680 per annum and the Gross Yield is 12. 14%.
Well located in Scarborough, the property benefits from fantastic positioning
to local amenities with an array of takeaways and shops less than 100ft away
and the local Tesco Superstore just a 7 - minute walk. Also, ideally located for
tenants, Scarborough Train Station is located 0. 2 miles from the address with
just a 3 - minute walk from all public transport links. The property is very
well positioned for access to social activities such as bars, cafes and
Scarborough Beach being less than a 10 - minute walk.
Income;
Commercial Property - £700 / Room 1 - £525 / Room 2 - £550 /
Room 3 - £525 / Room 4 - £550 / Room 5 - £565
Total; £3, 415 pcm / £40, 980 pa
Expenditure;
Gas - £130 / Electric - £132 / Water - £30 / Council Tax - £90 / Broadband -
£36 /
Cleaner - £80 / Management - N/A
Total; £518 pcm / £6, 216 pa

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