Map4 bedroom property for sale
Key information
Features and description
- Tenure: Freehold
- 24 Bedroom HMO Block
- Nestled within the welcoming town of Scarborough
- Currently occupied
- Steady stream of rental yields
- Property will be sold with occupants in situ
- Well Presented
We are pleased to offer to auction 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.
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.
Please note we have not inspected this property.
Rooms
Location
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.
Accommodation
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. 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.
Accommodation: Part 2
This property is covered by motion sensor cameras which ensures security for all residents throughout their occupancy. Two of en-suite 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 en-suite 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 en-suite rooms and a further five en-suite rooms across this floor and a useful room for storage.
The second floor has one bay windowed en-suite bedroom and seven more en-suite rooms.
On the third floor there are four good sized en-suite rooms.
Tenure
Freehold. Title number NYK186986.
Council Tax
Band G.
EPC
Grade II listed. EPC exempt.
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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