Murchison Street, Scarborough £140,000

FOR SALE BY MODERN METHOD OF AUCTION.

Occupying a great position within SCARBOROUGH TOWN CENTRE is this FIVE BEDROOM, registered HOUSE OF MULTIPLE OCCUPANCY. The property has been well maintained by our client and when fully occupied, we calculate the property can generate a gross income of around £18,000pa. This property has an HMO licence for 5 occupants and is offered to the market as an ongoing concern with 3 sitting tenants.

Well comprised over three floors, the property is accessed via an entrance door, leading to a communal entrance hall with stairs to all floors and a door to the first double bedroom on the ground floor with bay window. Accessed also by the communal entrance hall is a dining room and kitchen with a range of wall and base units with a door to the rear yard. To the first floor lies a landing with further stairs to the second floor, a further two double bedrooms, three-piece suite bathroom and a separate WC. On the second floor lies a landing and two further double bedrooms. To the rear of the property lies a low-maintenance yard with gated access.

The property is well located on Murchison Street, which provides excellent access to a wealth of amenities including, a range of eateries, local shops and is also within close proximity to Scarborough's North Bay, Train Station, Scarborough Castle and Scarborough Town Centre, Scarborough Cricket Ground and Scarborough's Open Air Theatre.

Viewing does come highly recommended and is via the sole agents CPH Property Services. For further enquires please contact CPH on 01723352235

ACCOMMODATION

GROUND FLOOR

Entrance Hall

Bedroom 1 (4.5 x 3.5 max (14'9" x 11'5" max))

Dining Room (3.7 x 3.6 max (12'1" x 11'9" max))

Kitchen (5.2 x 2.2 max (17'0" x 7'2" max))

FIRST FLOOR

Landing

Bathroom (2.5 x 2.2 max (8'2" x 7'2" max))

WC (1.0 x 2.2 max (3'3" x 7'2" max))

Bedroom 2 (4.2 x 3.6 max (13'9" x 11'9" max))

Bedroom 5 (3.6 x 2.8 max (11'9" x 9'2" max))

SECOND FLOOR

Landing

Bedroom 3 (4.6 x 3.6 max (15'1" x 11'9" max))

Bedroom 4 (3.6 x 2.5 max (11'9" x 8'2" max))

Externally
To the rear of the property lies an enclosed private rear yard.

Auction Information:
Auctioneer's Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Details Prepared
AB150424