land & development in YO11
Cromwell Terrace, Scarborough, North Yorkshire, YO11 2DT
Alternatively call 0191 580 1587 or email firstname.lastname@example.org
- 3 x Self Contained Flats
- 2 HMO Rooms
- Current Rental Income £22,320 p.a.
- Located in Scarborough
- Close to all the Amenities
- Freehold title
land & development in YO11
FOR SALE BY AUCTION: Terms and conditions apply.
We are please to offer to auction this substantial property containing three self-contained flats and two HMO rooms.
We are delighted to offer to auction this substantial property containing three self-contained flats and two HMO rooms. Currently generating £23,220 per annum with scope for improvement showing a yield over 8% for this block.
Ground Floor Flat: A one bedroomed unfurnished modern ground floor flat located on South Cliff close to all the amenities on Ramshill. It consists of door into lounge with feature fireplace open to dining area and modern fitted kitchen with access to enclosed garden area, front facing spacious double bedroom and modern bathroom with bath and shower over all with GCH. Current rent achieved: £495.00 pcm
Flat 1: (HMO) A large one roomed part furnished bedsit with shared bathroom facilities located close to all amenities on South cliff. It consists of bay windowed lounge/combined bedroom to modern beech fitted kitchen area. Modern electric heating. Council tax and Water rates are INCLUDED making this property very economical. Current rent achieved: £325.00 pcm
Flat 2: (HMO) A one roomed part furnished bedsit with shared bathroom facilities located close to all amenities on South cliff. It consists of lounge /combined bedroom to modern beech fitted kitchen area. Modern electric heating. Council tax and Water rates are INCLUDED making this property very economical. Current rent achieved: £310.00 pcm
Flat 3: A one bedroomed second floor unfurnished flat close to all the amenities on the south cliff area of Scarborough. It consists of lounge to open plan modern beech kitchen with views over Scarborough, double bedroom with ensuite shower room all with GCH. Current rent achieved: £425.00 pcm
Flat 5: A one bedroomed unfurnished top floor loft style flat close to all amenities on the south cliff area of Scarborough. It consists of lounge with dorma windows and modern beech fitted kitchen area, double bedroom and bathroom with bath and GCH throughout. Current rent achieved: £380.00 pcm
Please note that we have not inspected this property.
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
For more information call our auction experts on 0191 206 9335 or email email@example.com
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days. If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card. Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,001 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
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