Tudor Court, Scarborough, YO112HF

Starting Price* £100,000
Time Left 3d 14h 49m 56s

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Fees & Charges Explained

Property Overview

***THIS PROPERTY WILL BE OFFERED FOR SALE BY AUCTION ON THE 17th OCTOBER at the Cedar Court Hotel in WAKEFIELD, WF4 3QZ. REGISTRATION FROM 6.30PM, AUCTION STARTS AT 7PM***
A block of 5 flats located in the heart of Scarborough town. The property currently leasehold with a term of 74 years remaining on the lease which can be extended at a cost via the Leasehold Reform Act to 164 years.The flats are mostly tenanted and have recently undergone improvements inline with new regulations. The property has further potential including a possible penthouse with sea views subject to obtaining the necessary planning permissions. In brief the accommodation comprises of five flats ; four one bedroom units plus a generous two bedroom flat. The flats are laid out over three floors and the second and third floors benefit from some sea and castle views. Fully let the property could generate in excess of 25k per annum. The property does require some refurbishment, great potential for the right investor.

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Entrance A shared private gated entrance to the block is located back from St Thomas Street First Floor Flat 1 LOUNGE/KITCHEN with window, corner cupboard, TV point, electric fire, kitchen area with a range of base and wall units, stainless steel sink unit and spotlights. BEDROOM with electric wall heater and window BATHROOM shower cubicle with electric shower, hand basin and W.C Flat 2 LOUNGE/KITCHEN with bay window and two side windows, tiled fireplace, electric fire, TV point, kitchen area divider with a range of base and wall units, and enamel sink unit BEDROOM with electric wall heater and window BATHROOM shower cubicle and electric shower, hand basin and W.C Second Floor Flat 3 LOUNGE/KITCHEN with bay window, TV point, kitchen area divider with a range of base and wall units BEDROOM with electric wall heater and window BATHROOM shower cubicle with electric shower, hand basin and W.C Flat 4 LOUNGE with three windows, fire place and TV point KITCHEN with a range of base and wall units, electric oven and hob, stainless steel sink unit, plumbing for dishwasher and plumbing for automatic washing machine BEDROOM ONE with window and electric wall heater BEDROOM TWO with window and electric wall heater BATHROOM with corner bath, electric shower over bath, hand basin and W.C Third Floor Flat 5 Comprises a lounge, kitchen, bedroom and bathroom, potential to create a Sea View dormer penthouse subject to planning

Request full details for this property

Please complete the form below to receive full details about the property you are looking at.

Not in the UK?If you are not a resident of United Kingdom, please contact our Auction Team to discuss your options. All fields marked with an * are required. Please be advised that all calls made to and from iamsold are recorded. Calls are recorded for training and monitoring purposes and may also be used for complaint resolution. Calls are stored securely in accordance with General Data Protection Regulation requirements. Personal information submitted via the request details form will not be shared, rented or otherwise abused.

CPH Property Services

Local Branch: 19 St. Thomas Street, Scarborough, YO11 1DY
Head Office: 19 St. Thomas Street, Scarborough, YO11 1DY

Fees & Charges Explained

Tudor Court, Scarborough, YO112HF

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.

Buyers Information Pack

If the Buyer Information Pack Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £220.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Need More Information?

For further information or to speak to one of our team, please call 01482 238 824.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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