2 Bedroom Apartment

AVAILABLE IN OUR AUCTION ON THE 5TH MARCH 2026 AT 3PM - LOT 6.

An excellent opportunity to acquire the leasehold interest of this 2 bedroom third floor investment property currently let on a periodic assured shorthold tenancy at the gross rental of £8160.00 per annum (£680.00 p.c.m).

This attractive Victorian Property is part of a leasehold block of five apartments all with the remaining 965 years on the lease. Apartment 4 contributes an annual maintenance fee of £700.00 and this includes the fire safety, insurance and cleaning of the attractive communal hall, stairs and landings.

The spacious two bedroom, kitchen, bathroom and good sized living dining room accommodation has gas central heating and some double glazing and is let on an assured periodic tenancy producing a gross annualised return of 11.65% based on the auction guide price.

Solicitors
Tubbs & Co, 106 Victoria Road, Scarborough, YO11 1SL. Tel: . FAO: Ian Houseman

Located at the heart of Scarborough with rooftop views over the town centre and South Bay beach, as well as overlooking the Esplanade Gardens.

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All mains services are connected to the property.

Tenure
Leasehold - A 999 Year lease from 31st Janaury 1991. There is a "peppercorn" ground rent.