Alma Parade, Scarborough Auction Guide Price £140,000

+++ 3 Alma Parade is RECENTLY RENOVATED INVESTMENT PROPERTY that will appeal to a host of local and national investors. It provides a BLOCK OF 3 SELF CONTAINED 1 BEDROOM FLATS and is OFFERED WITH VACANT POSSESSION having recently undergone a full modernisation scheme. The block occupies a CENTRAL LOCATION and is now COMPLIANT with SELECTIVE LICENSING. +++

Situated on Alma Parade, within close proximity of Scarborough town centre offering all amenities and within easy walking distance to both the North and South Bays, these well presented rental properties are always in demand due to the central location and affordable rents. The property lies within an area zoned for 'Selective Licensing' and the owner has carried out significant works which were recommended by Scarborough Borough Council, giving peace of mind to any purchaser that the property is compliant and meets modern day requirements   Before the recent works were carried out, the block previously generated the vendor with a gross income of £16,640pa with the owner paying the tenant's gas, electric and water.

+++ INTERNAL VIEWING is by appointment only and can be arranged via our friendly office team on 01723 352235 +++

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