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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 £6,000.00 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 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 from 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 East Yorkshire Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.
111 & 111a Falsgrave Road comes to the market for the first time since 1938! Two generations of cobblers have traded very successfully from the ground floor premises which also benefits from a useful, 2 storey storage/workshop facility to the rear. The upper floors of the main building are laid out as a two bedroom maisonette which has been let out to the same tenant for approximately 19 years. This is an unique opportunity to
acquire a well located mixed use freehold property. All enquiries to CPH COMMERCIAL.
Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast, attracting an estimated 7 million visitors a year. More precisely, the property lies on the north side of Falsgrave Road which is a popular commercial & residential locality. Falsgrave Road interconnects with Westborough and is the principle route into the town (A64).
No 111 Falsgrave Road comprises of a mixed use, 3 storey brick built property which can be defined in 3 separate parts - The ground floor shop unit, the two storey store/workshop and a two bedroom maisonette. The commercial element has been a cobblers since 1938 and the maisonette has been let to the same tenant for approximately 19 years with the rent payable being £75 per week. The rear of the property is accessed from St John's Road and provides access to the workshop/store, the rear of the shop and stairs to the maisonette.
We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition and can confirm the following approximate Net Internal Areas: Shop: 48.71 sq m (524 sq ft) Workshop: 43.45 sq m (468 sq ft) Maisonette: 52.46 sq m (565 sq ft)
We understand the property benefits from mains electricity, gas and water supplies. Interested parties are advised to satisfy themselves with regards to services connected.
To be inserted once received.
According to the current Valuation Roll, the property has been assessed for business rates as follows: 2017 RV - £6,400. The property qualifies for rates relief and enquiries should be made directly to the Local Authority's local taxation department on 01723 232378. The maisonette is rated as Council Tax Band 'A'.
VAT, if applicable, will be charged at the prevailing rate.
Via the sole agents: CPH Property Services 19 St Thomas Street Scarborough YO11 1DY Contact: Joe Walker MRICS Tel: 01723 352235 Email: email@example.com