Eastborough, North Yorkshire YO11 5 bed terraced house for sale

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Eastborough, North Yorkshire YO11 5 bed terraced house for sale

Eastborough, Scarborough, North Yorkshire, YO11
£425,000

Our Summary

  • 75 pcm with 5% annual uplift
  • Viewing comes highly recommended to appreciate the substantial accommodation and potential this property has to offer

Description

The property is a five-story mixed-use building located in Scarborough's Old Town, just yards from South Beach and Harbour. The ground floor is occupied by a café/bistro, which is currently tenanted on a three-year lease with a monthly rent of £834.75. The café has a large kitchen, storage rooms, and a staff W/C, and seats approximately 60 people. The upper floors are occupied by a maisonette, known as The Stoop, which has been fully refurbished and is currently run as a successful holiday let with an annual income of £44,000. The maisonette has three bedrooms, two with en-suite facilities, and a bathroom, as well as a large balcony with sea views. The property is located in a prime trading position on Eastborough, linking the town center with the South Bay, and is a well-trodden route during the busy tourist seasons.