Starting Bid £35,000
1 Bedroom 1 Bathroom 1 Reception
Nicholsons are pleased to offer FOR SALE by Modern Method of Auction Starting bid £35,000 plus Reservation Fee. This self contained one bedroom garden apartment forms part of a managed block on Scarborough’s north side. The property is in need of extensive renovation and would be an ideal investment opportunity.
The apartment briefly comprises of one double bedroom, lounge, bathroom and kitchenette. Well situated for town centre amenities and access to North and South Bay.
The apartment is LEASEHOLD and is sold with NO ONWARD CHAIN and ready for immediate occupation. The property forms part of a managed development and viewing is recommended. To arrange a viewing call our friendly team in the office on 01723 506021 or via our website on www.nicholsons.uk.com
Steps leading up to the front entrance door with buzzer intercom system and stairs down to the lower floor, integrated fire alarm.
LOUNGE 4.15m (13' 7") x 4.28m (14' 1")
Bay window with UPVC double glazing, built in cupboard and recessed chimney breast.
HALLWAY 2.11m (6' 11") x 2.76m (9' 1")
Entrance leading into hallway with Kitchenette wall and floor units.
KITCHENETTE 2.07m (6' 9") x 1.66m (5' 5")
Wall and floor units, stainless-steel sink unit and internal window to the lounge.
BEDROOM 3.98m (13' 1") x 3.48m (11' 5")
UPVC double glazing window looking to the rear of the property. One wall mounted night store heater.
BATHROOM 2.48m (8' 2") x 1.56m (5' 1")
Panelled bath with over bath electric shower, hand wash basin and WC.
Verbal enquiries from Scarborough Borough Council on 01723 232323.
Mains supplies of water, electricity, drainage and gas are connected to the property. (Please note it is not company policy to test any services or appliances in properties offered for sale, and these should be verified by the purchasers).
TENURE / MAINTENANCE
The property is believed to be leasehold. All matters of tenure are subject to verification and clarification in a contract of sale. Maintenance approximately £800 per annum including building insurance.
Strictly by appointment through the agents.
These particulars are subject to constant review and updating. Comments under tenure, council tax, planning use and service availability are provided for guidance only and are not based on formal enquiry, which is outside the scope of our Agency instructions. It remains for purchasers to satisfy themselves as to the facts. We cannot therefore accept any responsibility for information provided in good faith which may subsequently require amendment. Measurements provided are approximate only and should not be relied upon for other purposes.
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, IAM Sold.
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.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% 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 IAM Sold 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 IAM Sold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
Contact Nicholsons (Scarborough Sales) for more details
4 Valley Bridge Parade, Scarborough, YO11 2PF | 01723 506021 | firstname.lastname@example.org