For Sale By Auction | 1.00 pm, 20 March 2024 | Lot 3

5 South Street, Scarborough, North Yorkshire, YO11 2BP

*Guide | £80,000 (plus fees)

  • Flat
  • 4 Bedrooms
  • Tenure: Freehold

Call the team on 0845 400 9900 for more information

Auction Date

Wed 20/03/2024

Auction Time

1.00 pm

Auction Venue

Online

A basement and ground floor flat with garage, in need of refurbishment.

Offering a great opportunity for refurbishment into two lettable flats (subject to any consents required), this property will appeal to developers and investors. It comprises two interconnected units that can easily be made self-contained as each has its own entrance. The basement offers one-bedroom accommodation and has an internal staircase leading up to the ground floor three-bedroom unit. To the rear is a large garage that could be made into additional living space (subject to planning consent). The property is in need of modernisation but offers great potential. There is the benefit of ground rent income of £70pa from the other flats in the block.

Tenure

Freehold

Location

Situated in a lovely residential area close to the wonderful gardens and walking routes of The Esplanade and the local transport links and amenities of Ramshill Road. The amenities close by include; convenience stores, hotels, pubs and eateries, salons, pharmacies, butchers and more.

Accomodation

Ground Floor Entrance Hall With radiator. Bedroom One With radiator, two window to the front Bedroom Two With radiator, window to the side Living Room With radiator. Opening to the kitchen Kitchen With integrated hob and oven, breakfast bar, base and wall units, open plan to the living room, staircase down to the basement. Rear Hallway Leading to the bathroom, bedroom three and the garage. Exit door to the rear? Bathroom With three piece suite and radiator Bedroom Three With radiator Garage With roller shutter door and personal door. The basement comprises: Bedroom Living Room Kitchen Box Room Bathroom

Services

All main services are connected to the property but have not been tested.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 18th March 2024 and closing on Wednesday 20th March at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.

Condition of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire, before the date of the auction.

Energy Performance Certificate

TBC

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time before the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single figure Guide

Online bidding

If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

This property falls within the geographical area of Scarborough Council and is listed as being in Council Tax Band A.

Solicitors

Schofield Sweeney, Schofield Sweeney Solicitors, Springfield House, Leeds, West Yorkshire, LS1 2AY, Ref: Elizabeth McPhail, Tel: 01138 494 048

Offered in association with

Dee Atkinson & Harrison

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including VAT and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.