£370,000
Ramshill Road, Scarborough, YO11
- 6 beds
£370,000
- 6 beds
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
Buy with a mortgage
Estimate monthly mortgage payment:
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
Share
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
Freehold Investment situated on the ever busy Ramshill Road on the south side of Scarborough, this impressive four storey end terrace investment block presents a great opportunity for discerning investors. Comprising a ground floor retail unit let out to a long standing Pizza Hut delivery franchisee and three self contained flats above that have had the benefit of being completely refurbished and renewed in late 2023.
The building currently generates an income of ?34,500 per annum and is full let and being sold with all the tenancies in place. This equates to an initial yield of 9.3% for a building that should not require any major capital expenditure in the next few years.
Location
The building is prominently positioned on the busy Ramshill Road shopping parade on the south cliff side of Scarborough town.
Tenure
Freehold and subject to the remaining terms of a formal Landlord & Tenant Act lease on the ground floor that expires on 23rd January 2034 and Assured Shorthold Tenancies (AST) on the flats.
The building
This four storey end terrace building is arranged as a mix use property with a well established Pizza Hut delivery on the ground floor and then three very well presented and spacious flats on the uppers, which were all subject to a comprehensive scheme of refurbishment in 2024.
Income
Ground floor - ?12,000 per annumFirst floor - ?7,500 per annumSecond floor - ?7,500 per annumThird floor - ?7,500 per annum This provides a gross rental income of, ?34,500 per annum
Viewings
Strictly via sole agents Colin Ellis Property Services on 01723 363565
To view all our current commercial listings please visit www.colinellis.co.uk
Mortgage calculator
Find out the cost of a mortgage for your new home.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
Do you have property to sell or part exchange?
How can we help you today?
Find out what your
home is worth
Check instantly an estimated value of your homeFind the best
local agent
Compare local estate agents based on their performanceGet an Instant
cash offer
Get a cash offer for your property in under 48 hours
Area highlights
We’ve gathered data on the property locations to help you get-to-know the local area.
Things you should know
Some useful things about this property we think you should know
Create OneDome account
for a smooth and fast property purchase
- Get a step by step guide on how to purchase or sell a property
- Get an expert mortgage and legal help
- Find the best local agent to sell your property or get an instant cash offer
- Manage property viewings, valuations and alerts
- Get access to off-market properties Create account
Be the first to see the newest properties
Create an alert and we'll email you the latest properties that come to market which match your requirements.