3 bedroom block of apartments for sale

Fantastic Investment Property Currently achieving £16,440 Per Annum

Guide Price: £150,000+

For sale by online auction on 08/05/2023 12:00, ending on 08/05/2023 18:45.

UK Property Auctions are pleased to bring you this ideal investment opportunity,

PROPERTY PARTICULARS

Lot comprises of 3 x 1 Bed flats

ACCOMODATION

Ground Floor Flat
Entrance hall leading to a good sized lounge. Larger than average gallery kitchen with a full range of base and wall units, Cooker, Sink and entrance to extension which is currently utilised as a utility room.
Shower room with white basin and Toilet.
A good Sized bedroom
The utility area leads out to a rear yard which is shared with the other flats.

First and Second Floor Flats have a similar layout except the extension space/ utility room is ground floor only.

Property is in need of renovation through in order to achieve maximum return.
LOCATION
Property is ideally located in a popular residential area in Scarborough, With excellent public transport links with Scarborough Rail Station being 0.15 miles from the property

INCOME
Flat 1: £475pcm
Flat 2: £420pcm
Flat 3: £475pcm

Management fees is 8.4%
9.5% YIELD

All subject to 6 month rolling ASTS
After Renovation there is further potential to increase rental amount
Tenure: Freehold
Council Tax Band: A

Terms of Sale
Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers
Some vendors will accept offers prior to auction, however these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions.

General
While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact Uk Property and we will be pleased to check the position for you.
The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.

Services
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

Anti-Money Laundering Regulations:
In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property.

Particulars
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither UK Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.