4 bedroom block of apartments for sale

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4 bedroom block of apartments for sale

High Street, Scunthorpe, DN15
£150,000

Our Summary

  • Located in the heart of Scunthorpe's bustling High Street, this commercial property presents a unique investment opportunity
  • Though in need of refurbishment, the property offers significant potential for those looking to enhance its value
  • Property vacant and in need of refurbishment

Description

This commercial property on Scunthorpe's High Street offers a unique investment opportunity, featuring a commercial unit on the ground floor and two residential flats above. Although in need of refurbishment, the property has significant potential for value enhancement. Its central location provides high visibility and accessibility, making it ideal for businesses. The property also benefits from gated access to the residential units, offering privacy and security. With a projected rental income of over £2000 per month and a strong ROI of 14.5% post-refurbishment, this is an attractive proposition for investors. The property is available with no onward chain, making the purchasing process straightforward and efficient.