Asking price

£825,000

20 bedroom for sale, Scarborough, North Yorkshire, YO11

Westwood

20
16

Asking price

£825,000

20 bedroom for sale, Scarborough, North Yorkshire, YO11

Westwood

20
16

Ref: SCA200401

Tenure: Leasehold
  • 16 Leasehold Apartments
  • One and Two Bedrooms
  • Set in a Detached Building
  • Off Street Parking
  • Gardens
  • EPCs C - E
  • Rental Potential £73k PA
  • Viewing to the Front & Rear

The pin shows the exact address of the property 

Main Description

Reeds Rains are delighted to bring to the market this fantastic investment opportunity in the form of 16 self contained, leasehold apartments. Just a short walk away from Scarborough's Town Centre, South Bay Beach and with the Train Station and local Tesco superstore on it's doorstep these apartments are well positioned and popular with tenants. The apartments are set within a stunning converted detached building overlooking Scarborough railway to the front with far reaching views over Scarborough. The 16 apartments are made up of 4 x 2 bedroom apartments and 12 x 1 bedrooms and are set over 5 floors, mostly electric heating and although 3 of the two bedroom apartments have gas. EPCs are held by our office and the full reports are available on request or can be accessed via the EPC register online. Viewings can be made through our office, please allow as much notice as possible due to the apartments being occupied by tenants.

Apartments
The below lists the current achievable rents:

Flat 1 - £446.30 - 2 Bedroom Apartment - EPC Grade D

Flat 2 - £550 - 2 Bedroom Apartment - EPC Grade C

Flat 3 - £475 - 2 Bedroom Apartment - EPC Grade D

Flat 4- £500 - 2 Bedroom Apartment - EPC Grade D

Flat 5 - £395 - 1 Bedroom Apartment - EPC Grade D

Flat 6 - £395 - 1 Bedroom Apartment - EPC Grade D

Flat 7 - £400 - 1 Bedroom Apartment - EPC Grade D

Flat 8 - £395 - 1 Bedroom Apartment - EPC Grade D

Flat 9 - £395 - 1 Bedroom Apartment - EPC Grade D

Flat 10 - £410 - 1 Bedroom Apartment - EPC Grade C

Flat 11 - £350 - 1 Bedroom Apartment - EPC Grade C

Flat 12 - £395 - 1 Bedroom Apartment - EPC Grade C

Flat 13 - £395 - 1 Bedroom Apartment - EPC Grade D

Flat 14 - £395 - 1 Bedroom Apartment - EPC Grade D

Flat 15 - £385 - 1 Bedroom Apartment - EPC Grade E

Flat 16 - £395 - 1 Bedroom Apartment - EPC Grade D

External
At the front of the building is a walled area allowing off street parking for up to 6 vehicles offered on a first come first serve basis, the road outside is a disc zone and resident's can obtain a parking permit from the Council for a small charge. A bin store is also at the front along with the main communal entrance. To the rear is a good sized garden area made up of lawn space and a summer house, this area is split in to two and belongs to the two lower ground floor flats whereas the rest of the garden is communal of which a gardener takes care of.

Tenure
Leasehold with 125 years from 29/9/2002 with ground rent of £250 per flat per annum, £4000 total. Subject to a rent review every 25 years

Room Measurements Notes
ApartmentsThe below lists the current achievable rents:Flat 1 - £446.30 - 2 Bedroom Apartment - EPC Grade DFlat 2 - £550 - 2 Bedroom Apartment - EPC Grade CFlat 3 - £475 - 2 Bedroom Apartment - EPC Grade DFlat 4- £500 - 2 Bedroom Apartment - EPC Grade DFlat 5 - £395 - 1 Bedroom Apartment - EPC Grade DFlat 6 - £395 - 1 Bedroom Apartment - EPC Grade DFlat 7 - £400 - 1 Bedroom Apartment - EPC Grade DFlat 8 - £395 - 1 Bedroom Apartment - EPC Grade DFlat 9 - £395 - 1 Bedroom Apartment - EPC Grade DFlat 10 - £410 - 1 Bedroom Apartment - EPC Grade CFlat 11 - £350 - 1 Bedroom Apartment - EPC Grade CFlat 12 - £395 - 1 Bedroom Apartment - EPC Grade CFlat 13 - £395 - 1 Bedroom Apartment - EPC Grade DFlat 14 - £395 - 1 Bedroom Apartment - EPC Grade DFlat 15 - £385 - 1 Bedroom Apartment - EPC Grade EFlat 16 - £395 - 1 Bedroom Apartment - EPC Grade D
ExternalAt the front of the building is a walled area allowing off street parking for up to 6 vehicles offered on a first come first serve basis, the road outside is a disc zone and resident's can obtain a parking permit from the Council for a small charge. A bin store is also at the front along with the main communal entrance.To the rear is a good sized garden area made up of lawn space and a summer house, this area is split in to two and belongs to the two lower ground floor flats whereas the rest of the garden is communal of which a gardener takes care of.
TenureTenureLeasehold with 125 years from 29/9/2002 with ground rent of £250 per flat per annum, £4000 total. Subject to a rent review every 25 years

IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A

Use our calculator to see how much Stamp Duty you may pay if you buy this property.   

Stamp Duty Calculator
Calculate

You pay from 1st October 2021

This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 1 October 2021. For more information on Stamp Duty Land Tax, click here.

Interested in this property?

Reeds Rains Scarborough

01723 365335

Mortgage repayment calculator
Calculate

Your payment (based on a repayment mortgage)

per month

Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.

Book an appointment

Embrace financial services

This information is a guide only and should not be relied on as a recommendation or advice that any particular mortgage is suitable for you. All mortgages are subject to the applicant(s) meeting the eligibility criteria of lenders. Make an appointment with our partners, Embrace Financial Services to receive mortgage advice suitable for your needs and circumstances. 

Thinking of selling?

Find out how much your home is worth with a free valuation

Request free valuation

Reeds Rains, Scarborough

16 Aberdeen Walk,
Scarborough,
YO11 1XP
scarborough@reedsrains.co.uk
Branch details
01723 365335