Mixed Use Investment Opportunity... 17 bed property for sale

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Mixed Use Investment Opportunity... 17 bed property for sale

Mixed Use Investment Opportunity, Scunthorpe
£950,000

Our Summary

  • Walshe's Property proudly presents this fantastic mixed used investment opportunity in the heart of Scunthorpe, North Lincolnshire
  • Currently the property is fully tenanted, however, the current rental yields are not reflective of their full potential, with the potential yields listed as below: Commercial Unit 1 - £1,000 pcm Commercial Unit 2 - £1,100 pcm Commercial Unit 3 - £1,100 pcm Terraced House X2 - £1,200 pcmOne bedroom flat X7 - £3,150 pcmTwo bedroom flat X2 - £1,100 Total Monthly Rent - £8,650 Toal Annual Rent - £103,800Gross Rental Yield of 10
  • Mixed Use Investment Opportunity

Description

This mixed-use investment property in Scunthorpe, North Lincolnshire, offers a unique opportunity to acquire a fully tenanted property comprising nine flats, two houses, and three commercial units with associated stores. The property has the potential to generate significant rental income, with estimated yields including £1,000-£1,100 per month for the commercial units, £1,200 per month for the houses, and £3,150 per month for the one-bedroom flats. The total monthly rent is estimated to be £8,650, translating to a total annual rent of £103,800 and a gross rental yield of 10.93%. The businesses occupying the commercial units are unaffected and would relocate in the event of a sale. The property is a freehold and benefits from being exempt from council tax due to its mixed-use status.