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COMMERCIAL

Crown Terrace, Scarborough, North Yorkshire, YO11

Guide Price
£1,500,000
Harris-Shields Collection, Scarborough
PROPERTY TYPE

Hotel

BEDROOMS

24

SIZE

Ask agent

Key features

  • 24 Bedroom HMO Block
  • Rental Income Of Near £140,000 PA
  • Scarborough Town Centre Location
  • Fully Licensed
  • Freehold Also
  • Rare Opportunity
  • Grade II Listed Building

Description

Offered with NO ONWARD CHAIN is this excellent INVESTMENT OPPORTUNITY of a 24 Bedroom HMO LICENSED BUILDING. A well run property ready to earn you an income from day one. Annual income in excess of £130,000 in 2024

Harris Shields Collection are pleased to offer to auction this fully occupied 24 BEDROOM HMO BLOCK in Scarborough available with no onward chain. Nestled within the welcoming town of Scarborough, this exceptionally well run quality property is close to a host of amenities,
Currently occupied there are immediate benefits from returns as the property will be sold with occupants in situ, guaranteeing a steady stream of rental yields. Overall this property is well presented, efficiently run and ready to provide high yields from day one after purchase. We would highly recommend this to any potential investors looking for a 'ready to go' investment.

ANNUAL INCOME IN 2024 IN EXCESS OF £130,000

The property is a smart well presented Grade II listed building comprises of 5 floors in total with lift access to each floor, it benefits from double glazing and gas central heating throughout. All the rooms are furnished with premium quality solid wood furniture with a wardrobe, desk and storage and have a double or single bed. The lower ground floor has a modern well thought out kitchen with ample cooking facilities, cupboard space for each of the residents and individual fridge space for all, with a relaxing communal area with comfy sofas, dining table and recreation area for the occupants to enjoy.

This property is covered by motion sensor cameras which ensures security for all residents throughout their occupancy. Two of en-suite bedrooms are also on this floor.

The ground floor boasts another large front facing bay windowed communal lounge area for guests to enjoy and 3 more en-suite bedrooms. There is a self-contained wardens flat which could also be let for further income, plus a room that is currently used for storage. On the first floor there are two large bay windowed en-suite rooms and a further five en-suite rooms across this floor and a useful room for storage.

The second floor has one bay windowed en-suite bedroom and seven more en-suite rooms.

On the third floor there are four good sized en-suite rooms.

Brochures

Particulars

Energy Performance Certificates

EPC Rating Graph

Crown Terrace, Scarborough, North Yorkshire, YO11

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Scarborough Station0.3 miles
  • Seamer Station2.6 miles
  • Filey Station6.3 miles

About Harris-Shields Collection, Scarborough

25 Northway, Scarborough, YO11 1JH
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Harris Bell Associates can trace their history back to 1950 when the first Harris Estate Agents opened in Bridlington and is one the oldest names in the East Coast property business.

We focus exclusively on what we know best : Property sales and letting.

Over 60 years in the business means that we can give you solid information backed up by direct personal experience. All of the team live and work within the areas we cover, so we have first hand knowledge to share as well as real understanding of the unique character of this part of North Yorkshire. So you can be sure we know the market, and most importantly we can focus on what people want.

For a free no obligation valuation or advice please call, email or drop into our office in the centre of Scarborough

• Free accompanied viewing available

• Friendly professional staff

• Latest camera technology

• Detailed colour floor plans

• Eye catching contemporary brochures

• Scarborough town centre high street location

• Independent mortgage advice also available

Harris Shields Collection Estate and Lettings Agents of Scarborough. The team headed by Mark Shields M.N.A.E.A ( Director) with Leanne Prosser M.A.R.L.A ( Director ), Ralph Shalom ( Consultant ) , Ellie Winter( Lettings Negotiator ) .We live and breathe property, It's our passion. Eager to prove, Our "Allagents" and over 243 "Google" reviews speak for themselves winning Gold award for customer experience four years running, most recently winning Best Overall Estate and Lettings Agent in 2018 for Scarborough. In 2022 and 2023 we won The Guild of Property Professionals award for Yorkshire. But its more than that, combined with our targeted marketing we have an excellent sales and lettings record. We prioritise local knowledge, extraordinary customer service and a total belief to always have the clients' interest at the forefront of everything. Harris Shields Collection is constantly evolving, ensuring that we are at the front with the latest technology to enable our clients to access the information they want, when and how they want it. Ring or email to organise a no obligation market appraisal so we can explain how we successfully sell and let property. We are also Scarborough's sole representative of the GUILD OF PROPERTY PROFESSIONALS. A network of over 800 independent Estate Agents in the UK with state of the art market intelligence systems and of course your property marketed through our prestigious PARK LANE OFFICE IN MAYFAIR LONDON. No other agent in Scarborough can offer this.

Notes

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Disclaimer - Property reference SCA240225. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Harris-Shields Collection, Scarborough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Harris-Shields Collection, Scarborough on 01723 335331.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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