Esplanade Gardens, Scarborough
OIRO £2,880,000

Nestled in the charming Esplanade Gardens of Scarborough, this impressive block of flats presents a remarkable investment opportunity. Comprising SEVENTEEN brand new apartments, the property features a thoughtful mix of accommodation, including four studios, five one-bedroom flats, five two bedroom flats and three spacious three-bedroom apartments.

Each apartment has been designed with high-quality fittings throughout, ensuring a modern and comfortable living experience for future residents. The property is ideally situated on the south side of Scarborough, just a stone's throw from the bustling Ramshill shopping parade, which offers a variety of shops, cafes, and local amenities.

5 & 6 Esplanade Gardens comprise two substantial and attractive late 19th-century Victorian buildings, prominently positioned within the highly sought-after South Cliff area. Together, the properties present a rare opportunity to acquire a fully refurbished, income-producing residential block in a prime coastal location.

Accommodation
Combined, 5 & 6 Esplanade Gardens provide 17 self-contained residential flats arranged over Lower Ground, Ground, First, Second and Third Floors, offering a strong and well-balanced mix of studio, one-bedroom, two-bedroom and three-bedroom apartments.

6 Esplanade Gardens comprises 10 apartments, including studio, one-bedroom and two-bedroom units ranging in size from approximately 387 sq ft to 705 sq ft.

5 Esplanade Gardens comprises 7 apartments, including studio, one-bedroom and three-bedroom units ranging from approximately 349 sq ft to 908 sq ft.

Across the combined block, the accommodation ranges from 349 sq ft to 908 sq ft, providing a diverse mix of unit types that appeal to a broad tenant demographic.

All apartments have been fully modernised with brand-new kitchens and contemporary bathrooms, finished to a high specification by reputable local contractors. Both buildings benefit from updated and fully compliant fire alarm systems, ensuring safety and regulatory compliance.

Investment Overview
Two adjoining Victorian buildings
17 self-contained flats in total
Mix of studio, 1-bed, 2-bed and 3-bed apartments
Comprehensive refurbishment throughout
Fully compliant fire safety systems
Prime South Cliff location
Turnkey, ready-to-let investment