One bedroom second floor flat

An ideal investment opportunity in the form of a now vacant freehold second floor one bedroom flat that would now benefit from some cosmetic improvement in the form of redecoration and new carpets. The flat offers generously proportioned and gas centrally heated accommodation that is conveniently located within comfortable walking distance of the town centre. It is considered that it could command a minimum rental of £375pcm which would produce a gross income of £4,500pa giving a 12.9% yield based on the upper guide price.

Tenure

Freehold

Location

Located on the south side of Scarborough town centre the property is also within walking distance of the south bay beach and Esplanade. Very close to Tesco supermarket, the train station and all the amenities in the Town Centre.

Accommodation

Ground Floor : Communal entrance Second Floor : Hall, Living Room, Kitchen, Shower Room, Bedroom.

Viewing

By appointment with the auctioneers on 0845 400 9900.

Joint Agents

Dee Atkinson & Harrison 56 Market Place, Driffield East Yorkshire YO25 6AW

Services

All mains services are connected to the property. None of the services or installations have been tested.

Legal Pack

A legal pack has been requested from the vendors solicitor and will be made available online as soon as it is received. You can register to receive an email notification when the pack is available by going to auctionhouse.co.uk/hullandeastyorkshire and clicking on the property you are interested in. On the property detail page you will see a red 'LEGAL PACK' button which you should click on and it will take you to the registration page.

Online Bidding

If you are wanting to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: www.youtube.com/watch?v=ImXr4HXR36c

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

Hewitts, 207 Newgate Street, Bishop Auckland, County Durham, DL14 7EL, Ref: Ian Gibson, Tel: 01388 604691

Additional Fees

Buyer's Premium - The purchaser will be required to pay an buyers premium of £480 (£400 plus VAT) in addition to the purchase price of the property.

Administration Charge - The purchaser will be required to pay an administration charge of £750 (£625 plus VAT) in addition to the purchase price of the property.

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

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