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For sale by Modern Method of Auction; Starting Bid Price £250,000 plus Reservation Fee 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 +++ WELL PRESENTED BLOCK OF FOUR FLATS located within the most sought after NORTH SIDE OF SCARBOROUGH OF SCARBOROUGH TOWN which benefit from SPACIOUS, WELL PROPORTIONED LIVING ACCOMMODATION and VACANT POSSESSION+++ A substantial three storey former guest house is currently arranged as four self contained flats. 11 Givendale Road briefly comprises of a block of four flats. On the ground floor lies two self contained one bedroom units. To the first floor lies a two bedroom unit and a further two bedroom unit on the third floor. This property does already benefit from separate services, UPVC double glazing and gas central heating. The Flats are currently tenanted and generate the following: Flat A £400PCM, Flat 1 £500PCM, Flat 2 £600pcm, flat 3 £600 PCM. These flats are beneficially surrounded by a wealth of amenities and attractions including supermarkets, parks and eating and drinking establishments. Additionally, this property is nearby to Scarborough's Open Air Theatre, Peasholm Park and Scarborough's North Bay. This property is also appriximately 1.4 miles from Scarborough Town Centre's Promenade where a range of shops and establishments are situated. This property would make an ideal holiday let/ for the purpose of holiday homes. This would appeal to many prospective buyers and anybody who is seeking for the perfect investment opportunity. Viewing is highly recommended for this property and properties of this nature and price seldom stay on the market for long. If you wish to arrange a viewing please contact our friendly team at CPH at 01723352235 or visit our website at www.cphproperty.co.uk.
Which benefits from a walk-in wardrobe.
Open plan to:
To the rear of the property is a detached single garage and a generous yard. The generous yard has the potential to be renovated into car parking spaces for the flats.
It is informed that this property is freehold with vacant possession.
Flat 1- C (69, 84) Flat 2- C (73, 77) Flat 3- C (77, 77) Flat 4- C (75, 75)