A SPACIOUS THREE BEDROOM SECOND FLOOR APARTMENT LOCATED IN THE OLD TOWN WITHIN A CONVERTED FORMER HOTEL PROVIDING A GROSS INVESTMENT INCOME OF £5,460 PA.

Offered on instructions from the Joint LPA Receivers, this spacious apartment forms part of a conversion of a former hotel that was converted in to six flats and is situated in the old town of the popular East coast resort town of Scarborough. Currently let on an assured shorthold tenancy for 12 months from 1st September 2014 and currently produce a gross income of £5,460 pa including TV Licence and water rates. The property has electric heating and partial double glazing.

Tenure

We understand the flats will be sold on a leasehold basis subject to the existing Assured Shorthold tenancy, however this will be confirmed in the legal pack prior to the auction date.

Situation

Located on the North side of this popular East Coast resort town, New Queen Street is a stones through from the sea front and within walking distance of the town centre and all main amenities.

Accommodation

COMMUNAL HALL: Stairs and landing area leading to the second floor. PRIVATE HALL LIVING ROOM 4.27M X 3.56M PLUS BAY WINDOW Electric wall heater. KITCHEN 1.72M X 2.22M Fitted wall and base cupboards, worktops and sink unit, built in oven and hob unit. BEDROOM 4.30M X 3.78M PLUS BAY WINDOW Electric panel heater. BEDROOM 3.16M X 2.75M Electric panel heater. BEDROOM 4.00M X 3.70M Electric panel heater. SHOWER ROOM Tiled Shower cubicle with ‘Neptune’ electric shower, pedestal basin and fully tiled walls. SEPARATE WC With low flush suite and washbasin.

Joint Agents

CPH Property Services 19 St. Thomas Street, Scarborough YO11 1DY. Tel: 01723 352235.

Viewings

Strictly by appointment with the agents Driffield office 0845 400 9900 or the Joint agent CPH Property Services on 0845 370 2235.

Services

Mains water, electricity and drainage are all connected to the property.

Buyers Premium

Please note that the purchaser will pay a 3% premium on the purchase price of the lot. This is in addition to the £500 + VAT Buyers Administration charge.

Energy Efficiency Rating (EPC)

Current Rating D

Services

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

Local Authority

Scarborough Borough Council

Solicitors

Brecher Solicitors, 4th Floor, 64 North Row, Mayfair, London W1K 7DA, Ref: Judith Stacy, Tel: 020 7563 1000

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee

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