South Street, Scarborough, YO11

Locatedat basement and ground floor levels and offering a great opportunity forrefurbishment into two flats (subject to any consents required), this propertywill appeal to developers and investors.  It comprises two interconnectedunits that can easily be made self-contained as each has its own entrance. Thebasement offers one-bedroom accommodation and has an internal staircase leadingup to the ground floor three-bedroom unit. To the rear is a large garage thatcould be made into additional living space (subject to planning consent). Theproperty is in need of modernisation but offers great potential.

Thelot encompasses the basement and ground floor (5 South Street), together withthe reversionary interest from the 3 upper floor flats comprised within 5aSouth Street, these generating a ground rent income of £70pa

Location.

Situated in a lovely residential area close to the wonderful gardens and walking routes of The Esplanade and the local transport links and amenities of Ramshill Road. The amenities close by include; convenience stores, hotels, pubs and eateries, salons, pharmacies, butchers and more.

Accommodation

Ground Floor

Entrance Hall

With radiator.

Bedroom One

With radiator, two window to the front

Bedroom Two

With radiator, window to the side

Living Room 

With radiator.  Opening to the kitchen

Kitchen

With integrated hob and oven, breakfast bar, base and wall units, open plan to the living room, staircase down to the basement.

Rear Hallway

Leading to the bathroom, bedroom three and the garage. Exit door to the rear​

Bathroom

With three piece suite and radiator

Bedroom Three

With radiator

Garage

With roller shutter door and personal door.

The basement comprises:

Bedroom

Living Room

Kitchen

Box Room

Bathroom

Services

All main services are connected to the property but have not been tested. 

Tenure

Freehold with vacant possession upon completion. 

EPC rating: TBC

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 23rd September 2024 and closing on Wednesday 25th Sptember at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire, before the date of the auction.

Additional Fees

The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including VAT and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time before the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Disbursements

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Online bidding

If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c