01723 352235
19 St.Thomas Street, Scarborough, YO11 1DY
01723 352235
19 St.Thomas Street, Scarborough, YO11 1DY

Gladstone Street / Cleveland Road, Scarborough £150,000

New
Sold STC
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road
  • Gladstone Street / Cleveland Road

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+++ OFFERED BY MODERN METHOD OF AUCTION - Rare INVESTMENT/DEVELOPMENT opportunity which, 'in our opinion' would ideally suit a RESIDENTIAL SCHEME (subject to planning permission). POTENTIAL GROSS INCOME OF CIRCA £27,000PA!!! +++Offering a premises of approximately 1,731 square meters (18,632 ft squared) and comprising from an end-of-terrace three story building currently used as offices and four warehouses/industrial units. which are currently used as garages.The premises occupies a central location within Scarborough Town Centre, where business is more prominent and a wealth of amenities lay at hand.Early viewing is a must in order to fully comprehend this fantastic investment/development opportunity. This property is for sale by the Modern Method of Auction which is notto be confused with traditional auction. The Modern Method of Auction isa flexible buyer friendly method of purchase. We do not require thepurchaser to exchange contracts immediately, however from the date theDraft Contract is received by the buyers solicitor, the buyer is given56 days in which to complete the transaction, with the aim being toexchange contracts within the first 28 days. Allowing the additionaltime to exchange on the property means interested parties can proceedwith traditional finance. Upon close of a successful auctionor if the vendor accepts an offer during the auction, the buyer will berequired to make payment of a non-refundable Reservation Fee of 4.2% ofthe sale price, subject to a minimum payment of £6,000.00including VAT, which secures the transaction and takes the property offthe market. Fees paid to the Auctioneer may be considered as part of thechargeable consideration for the property and be included in thecalculation for stamp duty liability. Further clarification on this mustbe sought from your legal representative. The buyer will be required tosign an Acknowledgement of Reservation form to confirm acceptance ofterms prior to solicitors being instructed. Copies of th

LOCATION:
Gladstone Street/Cleveland Road lies within Scarborough Town Centre and Falsgrave, where business is more prominent and a wealth of amenities lay at hand. Find attached a plan of the premises, please note that the red outline is a guideline of the premises and is yet to be confirmed by the vendor's solicitors.

DESCRIPTION:
The premises comprises from a three storey, end-of terrace house which is currently being used as offices and four warehouses which are currently being used as garages. Access to the warehouses is provided via Gladstone Street and Cleveland Road. Externally, to the front of the property lies a concrete front forecourt and to the side of the property lies a concrete driveway which provides off-street parking.

ACCOMMODATION:
We have measured the property in accordance with the RICS Code of Measuring Practice 6th Edition and can confirm that the premises occupies an approximate area of 1,731 square meters (0.41 acres).

RENTAL INCOME:
The premises benefits from a gross income when fully let of CIRCA £27,600 per annum.

TENURE:
We have been informed by the vendor that this property is Freehold.

ENERGY PERFORMANCE CERTIFICATE:
To be inserted once received.

PLANNING:
Prospective purchasers are advised to make their own enquiries with regards to the planning use of the property.

VIEWING:
All viewing to be via the sole agents, CPH COMMERCIAL.

CPH Property Services
19 St Thomas Street
Scarborough
YO11 1DY

Joe Walker MRICS
01723352235
This email address is being protected from spambots. You need JavaScript enabled to view it.

Details Prepared/Ref
JWTL/041119


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  • INVESTMENT/DEVELOPMENT OPPORTUNITY
  • GROSS INCOME WHEN FULLY LET- CIRCA £27,6000 PA
  • WOULD SUIT RESIDENTIAL SCHEME- SUBJECT TO PLANNING PERMISSION
  • TO BE SOLD BY INFORMAL TENDER- GUIDE PRICE £250,000
  • CLOSING DATE- FRIDAY 20TH DECEMBER 2019 AT 12PM
Gladstone Street / Cleveland Road
Scarborough, North Yorkshire YO12 7BN
County: North Yorkshire
Sale Type: Sold STC
Ref #: 31120934
Last Updated: Friday, 14 January 2022 15:24
01723 352235
19 St.Thomas Street, Scarborough, YO11 1DY
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