20 bedroom block of apartments for sale

We are delighted to offer this fully occupied 24 BEDROOM HMO BLOCK in Scarborough available with no onward chain.

Nestled within the welcoming town of Scarborough, this exceptionally well run quality property is close to a host of amenities, whether it's shopping, dining, or visiting the golden sands of Scarborough Beach, our location has it all. Stock up on necessities with ease in the nearby shops and supermarkets and enjoy the culinary delights of local restaurants. Commuting will never be a worry, as there are excellent transport connections from Scarborough Train Station and its access to the A64 and A165 for onward travel.

Currently occupied there are immediate benefits from returns as the property will be sold with occupants in situ, guaranteeing a steady stream of rental yields.

The property is a smart well presented Grade II listed building comprises of 5 floors in total with lift access to each floor, it benefits from double glazing and gas central heating throughout. The council tax band is G. All the rooms are furnished with premium quality solid wood furniture with a wardrobe, desk and storage and have a double or single bed.

The lower ground floor has a modern well thought out kitchen with ample cooking facilities, cupboard space for each of the residents and individual fridge space for all, with a relaxing communal area with comfy sofas, dining table and recreation area for the occupants to enjoy. This property is covered by motion sensor cameras which ensures security for all residents throughout their occupancy. Two of ensuite bedrooms are also on this floor.

The ground floor boasts another large front facing bay windowed communal lounge area for guests to enjoy and 3 more ensuite bedrooms. There is a self-contained wardens flat which could also be let for further income, plus a room that is currently used for storage.

On the first floor there are two large bay windowed ensuite rooms and a further five ensuite rooms across this floor and a useful room for storage.

The second floor has one bay windowed ensuite bedroom and seven more ensuite rooms.

On the third floor there are four good sized ensuite rooms.

Overall this property is well presented, efficiently run and ready to provide high yields from day one after purchase. We would highly recommend this to any potential investors looking for a 'ready to go' investment.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Council Tax Band: G (Scarborough Borough Council)
Tenure: Freehold