7 bed block of flats for sale

High Street, Scunthorpe DN15

Located in the heart of Scunthorpe's bustling High Street, this commercial property presents a unique investment opportunity. The ground floor features a vacant commercial unit, while the upper floor is currently configured as 7 bedsits with 3 shared bathrooms which can be easily reconfigured into self contained apartments. Though in need of full 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