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+++ FULLY LET AND LICENSED HOUSE OF MULTIPLE OCCUPATION with scope to increase income with relevant works and benefits from being CENTRALLY LOCATED and potential for OFF ROAD PARKING for one car +++
+++ SOLD BY MODERN METHOD OF AUCTION powered by Iamsold +++
The current owner 'in our opinion' has maintained and kept this property in generally good order throughout which has transferred onto having minimal void periods throughout. Currently the house has a live in property manager of which deals with day to day management and refurbishment works in return for free rent and this could be changed should any future owner want a more hands on approach to the management of the building.
As it stands the property benefits from 10 bedrooms of which the licence covers 7 to be occupied at any one time along with a bathroom or toilet facility on three of the floors communal dining and kitchen areas along with a utility to the rear of the property. With further development there is scope for one/two more bedrooms should any investor want to maximise return on investment.
Situated on Albermarle Crescent within Scarborough Town Centre having the town centre main promenade of all shops on your door step along with the Scarborough Train Station and main bus routes providing fantastic transport links to the outskirts of Scarborough for major employers.
+++ INTERNAL VIEWING is highly recommended to appreciate the condition, size and location of this property and accounts are available to view to any serious party upon viewing or after at our offices. +++ 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, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. 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 put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment 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 Legal 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 the East Yorkshire Property Auction powered by iam-sold Ltd.
Accessed via an external door.
No access was available for measurements.
Rear courtyard with gates to make it a potential off road parking space.
All mains services are connected, any interested party are to make their own enquiries.