Opis:

This property is offering an amazing 8% Net per year rental income for the first TEN years PLUS the first TWO years rental paid in advance! This property offers potential investors a fantastic opportunity to enter the highly lucrative UK waterfront property market at an affordable price! Scarborough is the perfect holiday destination for everyone, with beautiful views overlooking the sea and brilliant transport links to vibrant cities including Leeds and York!
This property is close to the town centre, rail station and all the main tourist attractions in the region while this properties seafront location offers residents a picturesque view of the south bay.
Statistics have shown that seafront properties in the command the largest waterfront premiums in the UK. A waterfront setting in the south west can result in an uplift of as much as 66%, East Anglia 43% and the south east 42%! Across the board prime waterfront properties in the UK are worth an average of 54% more than their inland counterparts, however not all waterfront properties are equal.
Properties situated on the estuaries command the largest premiums in terms of waterfront location with an average 83% compared to equivalent properties inland. This property is taking advantage of the rise in the numbers of holidays being taken with current numbers at their current highest levels for almost a decade! Visits were up 12% in 2014! This property offers well priced apartments in a fully operational and fully managed property! UK tourism is worth the equivalent £127billion each year, that's 9% of the nations GDP in 2013! And Marine Residence is the perfect opportunity for investors to get a piece of this booming billion pound tourist industry!
This property offers the investor a chance to take advantage of Scarborough which is the largest holiday resort on the Yorkshire coast! Scarborough has a lot of first, England's first seaside resort, the first place where bathing machines appeared AND the first place to offer purpose built tourist hotels!
* 8% Net returns for 10 years
* 2 years rental upfront
* 210% ROI over 10 years
* 7 free nights' stay per year (off-peak)
* Recently refurbished
* Excellent transport links, close to Leeds & York
* Fully furnished
* Fully managed
* Key ready
* Fully operational

Property Features

* Rooms

* Total bedroom(s) 1

* Surroundings

* Pharmacy

* Police

* Public Transports

* School

* Supermarket

* Areas

* Gross Area 325.00 m2