Flats 1-5, 7 & 7A Vincent Street, Scarborough, YO12 7HN

Description This freehold block has 5 apartments, 3 one-bedroom apartments, 2 studio apartments & 1 one-bedroomed bungalow all fully tenanted and achieving over £35,000 per annum Ground/Second Floor: Flat 1 - This maisonette apartment consists of a ground floor lounge open to a modern beech kitchen area, upstairs to a double bedroom and a bathroom with a walk in shower and heated towel rail.

All insulated, double glazed and electric heating.

Flat 2 - This maisonette apartment consists of ground floor bay windowed lounge open to fully fitted beech kitchen area with stairs leading up to good sized double bedroom and sperate bathroom with shower cubicle all with double glazing & electric heating .

Third Floor: Flat 3 - This studio apartment consists of living/bedroom through to the modern fitted kitchen and a separate modern bathroom with electric shower.

This property has electric heating throughout and benefits from double glazing Flat 4 - This studio apartment consists of combined lounge/bedroom open to modern beech fitted kitchen area and has a separate shower room.

The property has electric heating and recently installed double glazing Top Floor: Flat 5 - This one bedroomed apartment consists of lounge open to modern beech kitchen area, double bedroom with sea views and bathroom all newly tiled with smart white suite with bath and shower.

All recently insulated, double glazed and electric heating throughout Bungalow: 7a Vincent - This one bedroomed bungalow consists of private front yard leading to entrance into open living room and modern fitted kitchen, double bedroom through to bathroom with shower over bath.

All recently double glazed and comes with electric heating throughout 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.

The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price' and is accompanied by a 'Reserve Price'.

The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'. These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

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 up to 6% inc VAT (subject to a minimum which could be up to £7,200 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: A (Scarborough Borough Council) Tenure: Freehold