+++To be sold via Modern method of Auction, The renowned Tennyson Arms, a popular pub with a six bedroom maisonette above, located centrally within Scarborough+++
A rare chance to acquire, The Tennyson Arms. A mock Tudor style Freehold pub, with a six bedroom maisonette above. The property comprises on the ground floor; a generous front bar with fixed perimeter seating together with moveable seating and tables, gents toilets, ladies toilets, a generous rear bar with separate access and also access to the the cellar. The maisonette is accessed from a separate door from Dean Road and leads to two floors of spacious accommodation, comprising; lounge, kitchen, six bedrooms with en-suites to three bedrooms, study, bathroom, shower room and a generous roof terrace.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000 including VAT which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Yorkshire Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price. This property is for sale by the Yorkshire Property Auction powered by iam-sold Ltd