Block of Apartments
A rare opportunity to purchase a freehold block of 10 apartments in Scarborough, North Yorkshire, the development consists of 3 x 2 Beds and 7 x 1 Bed apartments offering the potential to generate a healthy and enviable yearly income in excess of £85,000 per annum.
The property boasts in excess of 4,500sq ft of lettable accommodation as well as the lower ground floor which we have been reliably informed could potentially be converted into an additional 4 x 1 bed apartments (STPP) or through the usage of permitted development rights and generate a further £30,000 per annum of rental income.
3 x 2 Bedroom apartments (High Ceilings and storage space)
Hall, Living Room, separate kitchen, 2 double bedrooms, Bathroom
6 x 1 Bedroom apartments
Hall, Living Room, separate kitchen, double bedroom, bathroom
1 x 1 Bedroom apartment
Open plan living / kitchen /dining room, bedroom, bathroom
The Block of Apartments are located in Scarboroughs Leafy South cliff a short walk from Ramshill shopping parade. The property is well placed for a wealth of local amenities and attractions nearby, including The Esplanade, Scarboroughs South Bay, the beach, Scarborough town centre, a choice of popular schools and colleges, golf courses, Olivers Mount, a choice of popular eating and drinking establishments as well as excellent access to public transport links.
Standard brick.
O2, EE, Three and Vodafone are available.
Standard and Superfast is available in this location.
BT , Sky and Virgin are available.
Freehold.
- Heating Supply: Gas, Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
