Crown Terrace, Scarborough, YO11 2BL
Guide Price: £70,000

• AVAILABLE IN OUR AUCTION ON THE 5TH FEBRUARY 2026 AT 3PM - LOT 5.
• Investment opportunity
• Gas central heating
• Central location
• All mains services are connected to the property. Tenure Leasehold - A 999 Year lease from 31st Janaury 1991. There is a "peppercorn" ground rent.

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: 01723 3526666. FAO: Ian Houseman

Tenure: Leasehold.

Council Tax: Band A.