**NO STAMP DUTY PAYABLE ON THIS INVESTMENT PROPERTY** - A one bedroom first floor apartment in a convenient location.

UPDATE TO DESCRIPTION ON 07/12/16 We are now instructed by the vendors to include the ground floor studio apartment with Flat 2. Both flats will be sold as a single lot. Interested parties should note that we have now been made aware that a section 146 Notice has been served on the head lessee in respect of repairs to the building. A copy of the 146 Notice will be included in the legal pack. These two apartments have been realistically guided to reflect the possible need for the purchaser to have to carry out these repairs to satisfy the terms of the notice. Ideal for holiday use or rental investment the two apartments offer great potential. The properties benefit from electric storage heating and although they would benefit from some updating, they are realistically guided to reflect this and the risk involved in respect of the Section 146 repair Notice. The sale offers investors the opportunity to purchase property that can provide a good return and will not be subject to any stamp duty payment.

Tenure

Leasehold for a term of 979 years from 2006.

Situation

Located close to Scarborough Cricket ground and the North Bay of Scarborough with it's multiple attractions of Peasholm Park with lake and oriental style gardens, the Open Air Theatre and the new alpine water park.

Accommodation

First Floor: Hall, Living Room, Kitchen, Bedroom One, Shower Room, WC. Flat 1: Due to the late entry we are not currently able to give any information on the accommodation in this flat other than it includes a Hall, Bed sitting room with kitchen area, WC and shower room.

Viewing

Strictly by appointment with Auction House Hull & East Yorkshire. Driffield office 0845 400 9900.

Additional Information

It should be noted that a buyer's premium of £750 plus VAT is payable on this lot in addition to the standard administration charge of £500 + VAT.

Joint Agent

Joint Agent Dee Atkinson & Harrison 56 Market Place Driffield YO25 6AW. Tel: 01377 241919

Services

Mains water, electricity and drainage are believed to be available but purchasers must make their own investigations to confirm this information.NB. Services, apparatus and equipment have not been tested by Auction House Hull & East Yorkshire and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.

Energy Efficiency Rating (EPC)

Current Rating E

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

Walker Morris, Kings Court, 12 King Street, Leeds West Yorkshire LS1 2HL, Tel: 0113 457 0203

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.