Lot 8 - 57 North Marine Road, Scarborough, North Yorkshire, YO12 7HT

  • Unconditional Online Auction Sale
  • Guide Price* : 165,000
  • Bedrooms: 8
  • Bathrooms: 4
  • Reception Rooms: 4

End of terrace building arranged as four individual two bedroom flats

Description

• Freehold end of terrace property
• Four self-contained two bedroom flats
• Three flats let with a current rental Income of £18,504 per annum
• Requires refurbishment
• Potential to increase rental income with refurbishment
• Opportunity to add value by title splitting the four flats providing flexibility and increased prices on individual sales in the future

Location

57 North Marine Road is located within a 10-minute walk of Scarborough town centre and the seafront. Access to the A64 is a 15-minute drive away, providing routes toward York and the wider region.

Within walking distance is a range of shops, cafés, and local amenities, as well as the South Bay Beach and Scarborough Castle. A short drive away is the North Bay Promenade, Peasholm Park, and the Scarborough Open Air Theatre.

Transport links are provided by Scarborough Station, offering direct rail services to York, Leeds, and Hull.

Accommodation

Flat 1
Ground and First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Flat 2
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Flat 3
Second Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Flat 4
Third Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Vendors Solicitor
Victoria Coombs
01403 456430

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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Vendors Solicitor

Victoria Coombs
01403 456430

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