MapRetail property (high street) for sale
Features and description
- Tenure: Freehold
- One bed duplex flat above shop unit
- No onward chain
- Mixed use freehold property
- Central location
- Commercial unit
We are pleased to offer to auction this freehold mixed-use property, comprising commercial shop unit to the ground floor and spacious duplex one bedroom apartment to the first floor, located near Scarborough town centre. The property is available with no onward chain, and there are currently tenants occupying the property who intend to vacate. Viewing is highly recommended to appreciate this commercial and residential opportunity.
Please note we have not inspected this property.
Rooms
Location
The subject property is excellently situated along Oxford Street, close to the large commercial street Castle Street that runs through Scarborough town centre. The property is surrounded by town centre amenities as well as a wealth of similar small shops and businesses, and is just a short stroll from the seafront.
Accommodation: Shop
Entrance
Front door into communal hall with door to shop unit.
Retail Space
Shop front unit and rear yard space.
Basement
Basement area for storage.
WC
Accommodation: Flat
Entrance
Communal entrance with door into stairway with uPVC double glazed window and ceiling light.
Kitchen 3.44 x 2.61 (11'3" x 8'6")
Fitted kitchen, stainless steel sink, oven, gas hob, extractor, radiator, uPVC double glazed window, wall mounted boiler and two ceiling lights.
Living Room 3.90 x 4.13 (12'9" x 13'6")
uPVC double glazed bay window, radiator and ceiling light.
Stairs To Second Floor
uPVC double glazed window.
Bedroom 4.31 x 3.50 (14'1" x 11'5")
Two uPVC double glazed windows, radiator, feature fire and ceiling light.
Bathroom - 3.31 x 2.56 (10'10" x 8'4")
Bath with shower over, glass screen, WC, hand basin, heated towel rail/radiator, part tiled walls and uPVC double glazed window.
Potential Rental Income
Ground Floor commercial unit: £350 pcm
One bedroom flat: £450pcm
Tenure
Freehold. Title number NYK236581.
Rateable Value
The current rateable value is £2,800 (1 April 2023 to present).
Sourced from VOA.
Council Tax
Band A.
EPC
Available upon request.
Shop - We are currently awaiting a copy of the energy performance certificate.
Flat - Rating D.
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'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, 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 Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
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.
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 and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). 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 it necessary or beneficial to the customer to pass your 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.
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