HMO in YO11
Crown Terrace, Scarborough, North Yorkshire, YO11 2BL
Online auction
Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk
- 24 Bedroom HMO Block
- Nestled within the welcoming town of Scarborough
- Currently occupied
- Steady stream of rental yields
- Property will be sold with occupants in situ
- Well Presented
HMO in YO11
*For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer to auction this fully occupied 24 BEDROOM HMO BLOCK in Scarborough available with no onward chain.
Nestled within the welcoming town of Scarborough, this exceptionally well run quality property is close to a host of amenities, whether it's shopping, dining, or visiting the golden sands of Scarborough Beach, our location has
it all. Stock up on necessities with ease in the nearby shops and supermarkets and enjoy the culinary delights of local restaurants. Commuting will never be a worry, as there are excellent transport connections from Scarborough Train Station and its access to the A64 and A165 for onward travel.
Currently occupied there are immediate benefits from returns as the property will be sold with occupants in situ, guaranteeing a steady stream of rental yields.
Overall this property is well presented, efficiently run and ready to provide high yields from day one after purchase. We would highly recommend this to any potential investors looking for a 'ready to go' investment.
Please note we have not inspected this property.
Summary
- Property Type: HMO
- Tenure: Freehold
- Parking: Allocated
Location
Nestled within the welcoming town of Scarborough, this exceptionally well run quality property is close to a host of amenities, whether it's shopping, dining, or visiting the golden sands of Scarborough Beach, our location has it all. Stock up on necessities with ease in the nearby shops and supermarkets and enjoy the culinary delights of local restaurants. Commuting will never be a worry, as there are excellent transport connections from Scarborough Train Station and its access to the A64 and A165 for onward travel.
Accommodation
The property is a smart well presented Grade II listed building comprises of 5 floors in total with lift access to each floor, it benefits from double glazing and gas central heating throughout. All the rooms are furnished with premium quality solid wood furniture with a wardrobe, desk and storage and have a double or single bed. The lower ground floor has a modern well thought out kitchen with ample cooking facilities, cupboard space for each of the residents and individual fridge space for all, with a relaxing communal area with comfy sofas, dining table and recreation area for the occupants to enjoy.
Accommodation: Part 2
This property is covered by motion sensor cameras which ensures security for all residents throughout their occupancy. Two of en-suite bedrooms are also on this floor.
The ground floor boasts another large front facing bay windowed communal lounge area for guests to enjoy and 3 more en-suite bedrooms. There is a self-contained wardens flat which could also be let for further income, plus a room that is currently used for storage. On the first floor there are two large bay windowed en-suite rooms and a further five en-suite rooms across this floor and a useful room for storage.
The second floor has one bay windowed en-suite bedroom and seven more en-suite rooms.
On the third floor there are four good sized en-suite rooms.
Tenure
Freehold. Title number NYK186986.
Council Tax
Band G.
EPC
Grade II listed. EPC exempt.
Additional Information
For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Floor Plan
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
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.
Buyer Fees
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.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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.
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 within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, 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.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
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 £750,000 - £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.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
There is no legal pack for this property.