Offers in region of
£150,000
4 bed block of flats for saleHigh Street, Scunthorpe DN15
4 beds
3 baths
2 receptions
EPC Rating: E
- Chain free
- Freehold
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About this property
Commercial Unit to the ground floor
1 x 1 bed flat & 1 x 3 bed flat to upper floors
Property vacant and in need of refurbishment
Ideally situated on the High Street
Projected rental income of £2000pcm+
Gated Access to residential units at the rear
Strong projected ROI of 14.5% (Post Refurb)
No Onward Chain
*Buyer's Premium Applies
Located in the heart of Scunthorpe's bustling High Street, this commercial property presents a unique investment opportunity. The ground floor features a commercial unit, while the upper floors house a one-bedroom flat and a three-bedroom flat. Though in need of refurbishment, the property offers significant potential for those looking to enhance its value.
The property's location on the High Street ensures high visibility and accessibility, making it ideal for businesses seeking a central position. The gated access to the residential units at the rear provides privacy and security for future tenants. With no onward chain, the purchasing process can be straightforward and efficient.
The projected rental income of over £2000 per month and a strong ROI of 14.5% post-refurbishment make this an attractive proposition for investors. Whether you are looking to expand your portfolio or enter the property market, this opportunity on High Street should not be overlooked. Contact us today to learn more about this promising investment.
*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information
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